The short-term trend for H/USDT is currently bearish. After a significant uptrend, the price formed a consolidation pattern (appears to be a symmetrical triangle or descending pennant) and has recently broken below its lower ascending support trendline. This indicates a loss of bullish momentum and a potential continuation of the downtrend from the recent peak.
$H
Given the breakdown from the consolidation pattern and trading below key short-term support, the most likely immediate prediction is further downside continuation.
We anticipate the price to test the 0.1510 - 0.1520 support level.
Now this level fails to hold, the next target for sellers would be the stronger support zone around 0.1370 - 0.1390.
A move back above the 0.1600 resistance would be needed to invalidate this bearish outlook in the short term.