HEX (HEX) Price Prediction 2023-2025- HEX (HEX) price displayed a sharp reversal at the beginning of October and has dropped by 42%.

Additionally, the HEX price has slipped below the key moving averages. This demonstrated the sellers’ dominance. Recently, it has lost the previous support level of

The HEX (HEX) price displayed a sharp reversal at the beginning of October and fell by 42%. Moreover, the HEX price slipped below the key moving averages. This demonstrated the sellers’ dominance.

Recently, it lost the previous support level of $0.00210. The token drifted toward the major support level of $0.00100.

On the other hand, the HEX crypto formed 3 strong bullish marubozu candlesticks. It attempted to lift the price. But the sellers were strong enough and maintained their dominance. Let’s see if the buyers can bounce back or if a new all-time low (ATL) is coming.

Technical Analysis of HEX Price Over 1-D Timeframe

As of writing, the HEX price was trading at $0.001877 with an intraday gain of 6.18%. The market capitalization was $1.05 Billion. The technical chart suggested that the token’s price dropped by 81.66% over a year.

In September, the HEX crypto gained around 226% by crossing above the 200-day exponential moving average (EMA). But around 170% of gains were wiped out in October, forming a sharp bearish move.

The price displayed bullish momentum at a crucial support level of $0.00170, which could invite buyers. If buyers show interest, the price may extend toward the 200-day EMA.

Strong buying momentum can be seen once the HEX price trades above the key moving averages. A loss recovery momentum is evident if the trading volume backs it up.

On the contrary, if the digital asset price slips below the $0.00170 mark, it may melt toward the major support level of $0.00100. Sellers may look for a new ATL if the price starts trading below the $0.00100 level.

Coming to the technical indicators, the MACD and the Signal line descended below the Zero line. The histograms turned deep red for a longer time, which could boost the bearish trend. The RSI stayed below the RSI-based moving average and headed toward the oversold zone.

Bullish Divergence in Short-term

In a 4-H time frame, the RSI generated a strong bullish divergence. Moreover, the HEX crypto formed three consecutive bullish candlesticks with a gain of 5.86%. If the price surpasses the 20-day EMA, it could approach the 200-day EMA.

Strong buying momentum can be seen if the digital asset price crosses above the 200-day ENA. A V-shaped recovery can be anticipated if buyers show interest in the RSI bullish divergence.

HEX Price Prediction According to Technical Chart

The HEX price faced significant challenges in October. It experienced a sharp decline of 42% and fell by 26% within a week. The loss of key support levels suggests strong seller dominance, raising concerns about further declines.

However, the formation of bullish candlesticks indicated the potential for a reversal if buyers can regain momentum. The technical indicators painted a mixed picture. While bullish signs exist at crucial support levels, ongoing bearish trends and low trading volume could lead to new lows.

The upcoming trading sessions will be critical in determining whether HEX can rebound or continue its downward trajectory.

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