🚨 $H has been on an absolute comeback run.
After crashing from 0.85 to just 0.05, the token lost roughly 94% of its value in a brutal selloff. But what followed has been nothing short of remarkable.
Since bottoming out, H rallied all the way back to 0.60, marking a gain of more than 1,100% from the lows. It's currently trading around 0.57, with 0.60 acting as a key resistance level.
From a technical perspective, the move looks stretched. The EMA 100 sits at 0.38 and the EMA 200 at 0.32, both well below the current price. That usually suggests the market may need some time to cool off after such a strong rally.
Momentum is also starting to weaken. The MACD has turned negative (-0.00269), with the DIF crossing below the DEA, a signal that bullish momentum is fading in the short term. On top of that, trading volume has been declining, which may indicate buyers are becoming less aggressive.
For traders watching a potential pullback, the 0.58-0.60 zone looks like the area to monitor. A rejection there could open the door for a move toward 0.52, with 0.47 as the next support level. A stop above 0.62 would invalidate the setup.
This doesn't necessarily change the bigger picture. For now, it looks more like a short-term correction after an explosive recovery rather than a complete trend reversal. 📊
