THIS MONTH, #HNT CONTINUES TO ENCOUNTER SIGNIFICANT RESISTANCE.
What could be the next potential price action?
Nearly a year has passed since HNT began to struggle to overcome its main obstacle. However, this does not imply that HNT will be unable to overcome this obstacle. A potential significant movement in the near future is indicated by the fact that it has held its price above the key resistance that was previously broken in 2023. According to our perspective, HNT might keep moving in a range market structure, bumping off the previously broken major resistance and then moving from the unbroken major resistance to the just established major support. In this sense, it might draw in more customers and raise the price even more.
Stay wise, trade cautiously.