$HOT is trading around 0.000485 USDT, pulling back after a sharp spike that sent it flying to a 24h high at 0.000518. That move was fast emotional and aggressive and the rejection was just as quick. I’m watching this closely because this kind of structure often sets up the next big move.
On the 15 minute chart, HOT pumped hard then entered a controlled pullback. The long wick near 0.000479 to 0.000481 shows buyers stepping in again. They’re clearly defending this zone. As long as price holds above 0.00048, the structure stays healthy and alive.
Volume is massive. Over 2.73 billion HOT traded in 24 hours with 1.34M USDT flowing in. That’s serious activity. We’re seeing interest not fear. Consolidation after such volume usually means the market is deciding not exiting.
If it becomes a clean push above 0.000495 to 0.00050, momentum can quickly return toward 0.00051 to 0.00052. That’s the level where excitement comes back fast.
Risk is clear too. Losing 0.000479 could drag price toward 0.00047, but until that breaks this still looks like a pause not the end.
