$HOT has seen a price drop of -3.929% over the past 24 hours.
It reached a low of 0.000798 and a high of 0.000845, showing limited volatility.
The Bollinger Bands indicate constricted movement, with the price hovering near the lower band at 0.000799.
Support is at 0.000798 while resistance sits at 0.000835, reflecting a bearish bias.
Currently, the overall market trend is down, compounded by uncertain macroeconomic factors like inflation and regulatory news.
Bitcoin's influence remains undefined, suggesting a lack of correlation affecting HOT's movements directly.
Traders may consider a short-term approach due to this volatility, favoring careful entry points.
Key takeaway: Given the downtrend and confined price action, traders should remain cautious and vigilant for potential breakouts.
