$HOT has experienced a moderate 1.687% price increase in the last 24 hours, indicating bullish momentum.
Trading between the support at 0.000817 and resistance at 0.000848 suggests a consolidation phase.
With the Bollinger Bands also indicating narrowing volatility, traders should prepare for potential breakout opportunities.
The overall crypto market is in an uptrend, though Bitcoin's influence remains undefined at this time, reducing correlation risk for HOT.
Given the volatility, a short-term trading strategy might be prudent while monitoring macroeconomic factors like inflation or regulatory developments.
Key takeaway: HOT’s current technical setup favors quick trades, but remain vigilant for any shifts in Bitcoin’s price direction or market news.
