HNT Technical Analysis In 2-Day Timeframe

Hello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.

Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.

Now, let’s dive into this chart analysis:

HNT showed a decent breakout and rally, but due to the recent market correction, it is experiencing rejection as well.

If the market rejects further, HNT will also face further rejection, potentially reaching as low as $3.8, where there is good support.

A rebound can be expected from the support level, potentially rallying toward the local high of $11.

Key levels:

- Primary Support/Entry: $3.83
- Lower Support: $2.88
- Target: $8-$11.

DYOR. NFA.

Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!

Thank you!