The $HVLO token on the daily chart is forming an ascending triangle, a bullish pattern characterized by higher lows and a flat resistance at $0.0020. The price has respected support around $0.0015 multiple times, aligning with the 200-day moving average (MA), reinforcing its strength. The 50-day MA is trending upward, approaching a potential golden cross over the 200-day MA, which could signal strong bullish momentum. The Relative Strength Index (RSI) at 55 indicates room for upside without being overbought, while the MACD shows a tightening histogram, suggesting an imminent crossover.
Volume has been consistent, with spikes on support tests, hinting at accumulation. A breakout above $0.0020 could target $0.0028 (38% gain), based on the triangle’s height projected from the breakout point. Conversely, a drop below $0.0015 may test $0.0012, a prior low. DePIN sector sentiment and Hivello’s project updates could influence direction, so monitor news.
Trading Plan:
Buy Zone: $0.0016–$0.0017 (near support).
Stop Loss: $0.0014.
Take Profit: $0.0020, $0.0028.
Bearish Scenario: Short below $0.0015, targeting $0.0012.
Traders should watch Bitcoin’s movement, as altcoins like $HVLO often follow. A surge in Solana ecosystem activity could also boost $HVLO. Use tight risk management—low liquidity in newer tokens can lead to sharp volatility. Confirm breakouts with volume and check TradingView community sentiment for additional context.
Volume has been consistent, with spikes on support tests, hinting at accumulation. A breakout above $0.0020 could target $0.0028 (38% gain), based on the triangle’s height projected from the breakout point. Conversely, a drop below $0.0015 may test $0.0012, a prior low. DePIN sector sentiment and Hivello’s project updates could influence direction, so monitor news.
Trading Plan:
Buy Zone: $0.0016–$0.0017 (near support).
Stop Loss: $0.0014.
Take Profit: $0.0020, $0.0028.
Bearish Scenario: Short below $0.0015, targeting $0.0012.
Traders should watch Bitcoin’s movement, as altcoins like $HVLO often follow. A surge in Solana ecosystem activity could also boost $HVLO. Use tight risk management—low liquidity in newer tokens can lead to sharp volatility. Confirm breakouts with volume and check TradingView community sentiment for additional context.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.