โ ๏ธ $HEMI Under Heavy Selling Pressure, But Buyers Eye Support Zones ๐
๐น Current Price: 0.1293 USDT
๐น 24h Change: -16.20% (sharp downside move)
๐น 24h Range: 0.1561 โ 0.1267
๐น Trading Volume: 489.67M $HEMI | 67.53M USDT
๐ Technical Snapshot
Trend: Bearish momentum continues as HEMI struggles with aggressive sell-offs.
Resistance Levels
Near-term: 0.1561 (yesterdayโs rejection point).
Major Zone: 0.2055 โ 0.3355 (requires strong volume to flip).
Support Levels
Immediate: 0.1267 (holding for now).
Critical Zone: 0.1050 โ 0.0754 (potential accumulation if the decline extends).
Indicators
Moving Averages: Trading below key MAs โ bearish pressure dominates.
Bollinger Bands: Testing the lower band โ oversold territory could invite buyers.
MACD: Bearish crossover, but flattening โ selling momentum might be slowing.
Volume: High sell volume indicates capitulation risk, but also a chance of reversal.
๐ Market Outlook
Bullish Scenario: Holding above 0.1267 and breaking 0.1561 could spark a rebound toward 0.2055.
Bearish Scenario: Losing support may send HEMI deeper into the 0.1050 โ 0.0754 range.
โก Bottom Line: Market sentiment remains fragile, but oversold signals suggest that a short-term bounce canโt be ruled out before the next major move.
