Projected Range for Hex Bull Run
The bull run for Hex has commenced. The chart clearly shows a broad double bottom formation.
Price is projected to peak somewhere between 8.5 and 39 cents. Obviously, we don't know the future but this projection syncs well with ideas that have been presented by several analysts in the hex community.
It is important to note that this chart does not display the entire history of Hex. The asset has consolidated for the past ten months and is ready for a massive price expansion.
Further, I anticipate major resistance for the price around 8.5 to 10 cents. The sell pressure might induce the market to correct at that level.
However, there is much pent-up FOMO in the Hex Telegram chats which suggests that the price may go much higher.
In my opinion, 39 cents is a max target price for Hex at this point in the game.
Bear in mind, all of this is pure conjecture.
Lastly, a strong bullish sentiment has been observed in the Hex chats since a hedge fund has been staking millions of dollars for 10 and 15 years. This particular hedge fund owns about 8% of all t-shares in the Hex network. This is super bullish for the price since staked coins are burned out of existence so that they cannot be dumped on the market.
Hex is the first financial asset in human history where a user can stake millions of dollars into the deep future (up to 5,555 days!) and cannot get out of that commitment without severe penalties.
Price is projected to peak somewhere between 8.5 and 39 cents. Obviously, we don't know the future but this projection syncs well with ideas that have been presented by several analysts in the hex community.
It is important to note that this chart does not display the entire history of Hex. The asset has consolidated for the past ten months and is ready for a massive price expansion.
Further, I anticipate major resistance for the price around 8.5 to 10 cents. The sell pressure might induce the market to correct at that level.
However, there is much pent-up FOMO in the Hex Telegram chats which suggests that the price may go much higher.
In my opinion, 39 cents is a max target price for Hex at this point in the game.
Bear in mind, all of this is pure conjecture.
Lastly, a strong bullish sentiment has been observed in the Hex chats since a hedge fund has been staking millions of dollars for 10 and 15 years. This particular hedge fund owns about 8% of all t-shares in the Hex network. This is super bullish for the price since staked coins are burned out of existence so that they cannot be dumped on the market.
Hex is the first financial asset in human history where a user can stake millions of dollars into the deep future (up to 5,555 days!) and cannot get out of that commitment without severe penalties.
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