Resistance

<ul class="list-ic vertical">
 <li><span>1</span> <a>The HEX token price signifies a setback and has eroded over 80% of gains this week.</a></li>
 <li><span>2</span> <a>The Sellers looked aggressive and were trying to break the demand zone.</a></li>
</ul>
<p>The HEX token (HEX) price witnessed a harsh selloff and retested the demand zone of $0.003000 this week, demonstrating a bearish crossover on the charts. Moreover, the token has reached the make-or-break region, and sharp volatility is noted. Furthermore, the trend is flipped, and bears are showing their dominance, leading to an abrupt selloff from the highs.</p>
<p>At press time, the HEX token (HEX) price was trading at $0 with an intraday drop of 10.25%, indicating neutrality on the charts. It has a monthly return ratio of -70.65% and -99.9% on a yearly basis. The pair of HEX/BTC is at 0.0000000427 BTC, and the market cap is $977.40 Million. Analysts are neutral and suggest the HEX token price has retested the demand zone and may soon rebound to the 100-day EMA mark.</p>
<h2 class="wp-block-heading" id="strong-hex-witnessed-pullback-on-intraday-charts-can-bulls-recover-gains-strong"><strong>HEX Witnessed Pullback On Intraday Charts; Can Bulls Recover Gains?</strong></h2> <iframe loading="lazy" title="Santiment Chart: Price (HEX), Volume (HEX)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=hex&amp;pt=HEX&amp;df=2023-12-25T00%3A00%3A00.000Z&amp;dt=2024-03-15T18%3A29%3A59.189Z&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bvolume_usd&amp;wax=0%3B1&amp;wc=%232e934a%3B%231b2f87&amp;ws=%7B%22interval%22%3A%221d%22%2C%22node%22%3A%22area%22%7D%3B" scrolling="no"></iframe>
<p>The data shows an intraday recovery of 21% in the price, and a rebound from the demand zone of $0.002500 was noted. However, the trading volume remains average, and a drop of 22% to $3.62 million was noted during the intraday session. Moreover, the trend is negative, and every pullback is an opportunity to sell, according to technical data.</p>
<h2 class="wp-block-heading" id="strong-price-volatility-noted-a-sharp-rise-sentiments-remain-neutral-strong"><strong>Price Volatility Noted a Sharp Rise; Sentiments Remain Neutral&nbsp;</strong></h2> <iframe loading="lazy" title="Santiment Chart: Weighted sentiment (Total) (HEX), Price Volatility 1w (HEX)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=hex&amp;pt=HEX&amp;df=2023-12-25T00%3A00%3A00.000Z&amp;dt=2024-03-15T18%3A29%3A59.189Z&amp;emcg=1&amp;emhwm=1&amp;wm=sentiment_volume_consumed_total%3Bprice_volatility_1w&amp;wax=0%3B1&amp;wc=%233b6dc6%3B%23FF5B5B&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B" scrolling="no"></iframe>
<p>This week, the sharp fall of over 70% and intense fluctuations led to a sharp rise of over 370% in the volatility rate. The volatility curve rose to 0.0580, indicating massive trading activity and panic among the investors. However, the weighted sentiments remain neutral, and the value stays close to the midline of 0.019.</p>
<h3 class="wp-block-heading" id="strong-social-dominance-and-volume-signifies-neutrality-strong"><strong>Social Dominance and Volume Signifies Neutrality</strong></h3> <iframe loading="lazy" title="Santiment Chart: Social Dominance (HEX), Social Volume (HEX)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=hex&amp;pt=HEX&amp;df=2023-12-25T00%3A00%3A00.000Z&amp;dt=2024-03-15T18%3A29%3A59.189Z&amp;emcg=1&amp;emhwm=1&amp;wm=social_dominance_total%3Bsocial_volume_total&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%2368DBF4&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>The above data shows that the social dominance value was noted to increase this month, as witnessed by discussions and highlights on the social media reports. The dominance data noted a surge of over 2% to 0.281. However, the social volume stays at an average value of 56, replicating neutral views.</p>
<h4 class="wp-block-heading"><strong>What Do Technical Indicators Suggest?</strong></h4> <iframe loading="lazy" title="Santiment Chart: RSI 7d (HEX), Price (HEX)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=hex&amp;pt=HEX&amp;df=2023-12-25T00%3A00%3A00.000Z&amp;dt=2024-03-15T18%3A29%3A59.189Z&amp;emcg=1&amp;emhwm=1&amp;wm=rsi_7d%3Bprice_usd&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%233b9152&amp;ws=%7B%22__appliedInterval%22%3Atrue%2C%22interval%22%3A%227d%22%7D%3B%7B%22node%22%3A%22area%22%7D" scrolling="no"></iframe>
<p>The price action signifies a bearish crossover, and the <a href="https://www.thecoinrepublic.com/2024/03/12/kucoin-token-price-forecast-can-kcs-reclaim-highs/" target="_blank" rel="noopener noreferrer nofollow">token price</a> slipped below its key moving averages, indicating a negative outlook. The sellers persist in pushing the token and are making fresh short addons. However, the token has reached the make-or-break zone. The Relative Strength Index (RSI) curve stayed in the oversold region, which led to a gentle bounce in the intraday session. The sell-on-rise trend will continue until the token does not retest the 100-day EMA mark of $0.006000.</p>
<p>The total supply of the HEX token is 654.10 Billion, and the volume-to-market cap ratio is 0.00370.</p>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>The HEX token price witnessed a notable decline of over 70% this week, revealing the sharp selloff. Moreover, the token has reached the demand zone of $0.002500, and investors are looking into trouble.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels:</strong> $0.002500 and $0.002300</p>
<p><strong>Resistance Levels:</strong> $0.003000 and $0.003200</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.&nbsp;</p>

HEX Price Prediction: Will HEX Hold Gain or Continue to Fall?

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Thecoinrepublic.com

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