HNT Technical Analysis: There Is Strength, There Will Be Growth

The HNT cryptocurrency has been in a state of correction like most cryptocurrencies since November 2021. During this time, sellers have been able to lower the HNT price to the previous local lows in 2021. Interestingly, most cryptocurrencies have long since broken the lows of May-June 2021 and continue to fall successfully. However, in the case of the HNT cryptocurrency, we see a much more positive result. All sellers managed to do during the horrible weekly candle of 9 May was to create a false break of the important price zone of $8.9. As a result, during the 3 trading weeks, sellers did not stay below this range and took the initiative in the market. Source: https://www.tradingview.com/x/qN3Wf42G/ If you look at the weekly Bitcoin candle, you will see how fear and panic can be shown in the form of a candle. However, the HNT weekly candle of 13 June is the complete opposite. Despite the BTC fall, the HNT cryptocurrency has confidently grown by 30% in a week. Trading volumes continue to increase, which indicates the interest of investors in cryptocurrency in this price range. Therefore, while the $8.9 range is under the control of buyers, we will expect continued HNT growth with the final target of $23. HNT Technical Analysis on The Daily Timeframe Source: https://www.tradingview.com/x/a77JddL9/ Analyzing the movement of the HNT price on the daily timeframe, you can see the probable formation of a triangle. This means that th...