$HANA – Early Reversal Signal After a Sharp Drop
$HANA continues to show bullish tendencies.
Since the contract was launched four months ago, the price has been in a continuous downtrend, plummeting from 0.238 to 0.0085, a decline of 96%. Such extreme volatility typically indicates that the market has entered a panic selling phase, rather than a normal price discovery.
In the past two days, momentum has clearly shifted.
The price has been steadily recovering, and the daily chart has begun to construct an upward structure, marking the first substantive attempt at a trend reversal. This suggests that selling pressure has exhausted, and buyers are returning to the market.
When an asset rebounds after such an extreme drop, early opportunities often arise during a phase of lingering market skepticism, rather than after confirmation.
As long as this new upward trend on the daily chart is maintained, $HANA still has further upside potential.
