Hund Price Prediction

The Hund price was able to break above the resistance level at $0.009138 over the past 24 hours. Bulls also attempted to push the altcoin’s price above the next major mark at $0.010181. Although the HUND coin price was able to rise above this threshold, it was not able to remain above this point for long as sellers quickly started exerting pressure on the crypto.

HUND is now testing the recently-breached $0.009138 mark as a result. Should it fall below this technical crutch within the next 8 hours, the altcoin could be at risk of dropping to $0.008221 in the following 24 hours. Technical indicators on HUND’s 4-hour chart show that the crypto is currently in a short-term positive cycle. However, bearish signs are starting to emerge on the HUND coin price’s chart, which could suggest that the altcoin is losing bullish strength. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators warn the Hund price could drop in the next 24 hours.Firstly, the MACD line is bullishly positioned above the MACD Signal line. However, the narrowing gap between the two lines indicates that HUND’s positive trend might be approaching its end. Traders will still want to keep an eye on this indicator, because the MACD line crossing below the MACD Signal line could signal the Hund price has entered a bearish phase.

Firstly, the MACD line is bullishly positioned above the MACD Signal line. However, the narrowing gap between the two lines indicates that HUND’s positive trend might be approaching its end. Traders will still want to keep an eye on this indicator, because the MACD line crossing below the MACD Signal line could signal the Hund price has entered a bearish phase.

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