Is $HEMI finally waking up or is this another fakeout?
Looking at the 1h chart, we’ve been stuck in a nasty downtrend for a while now. Just check those 30 and 90-day stats—it’s been a sea of red. But right now, it’s actually showing some signs of life. We just put in a higher low and managed to push back toward $0.01067. There’s some decent buying volume coming in on the order book too, with bids sitting at 61% vs 38% on the ask side. The immediate hurdle is that $0.01083 local top. If we can clear that and flip it to support, we might actually have a reversal on our hands. If we reject here though, expect a retest of the $0.01020 level pretty quickly. Keeping a close eye on this one for the next candle close.
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Is $HEMI finally waking up or is this another fakeout?
Looking at the 1h chart, we’ve been stuck in a nasty downtrend for a while now. Just check those 30 and 90-day stats—it’s been a sea of red. But right now, it’s actually showing some signs of life.
We just put in a higher low and managed to push back toward $0.01067. There’s some decent buying volume coming in on the order book too, with bids sitting at 61% vs 38% on the ask side.
The immediate hurdle is that $0.01083 local top. If we can clear that and flip it to support, we might actually have a reversal on our hands. If we reject here though, expect a retest of the $0.01020 level pretty quickly.
Keeping a close eye on this one for the next candle close.
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