HELLO (HELLOUSD) May Continue its Rising Pattern
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HELLO (HELLOUSD) Price Forecast: February 25
The HELLOUSD pair still trades in an uptrend and might continue its raising pattern as the crypto is currently running a bullish race and facing high pressure from the bulls. Conversely, if the coin prices sustain above the $0.0530 high value, the bulls’ trend would continue upward and may possibly hit the $0.1000 upper high level and above.
Key Levels:
Resistance Levels: $0.0500, $0.0600, $0.0700
Support Levels: $0.0300, $0.0200, $0.0100
HELLO (USD) Long-term Trend: Bullish (4H Chart)
HELLO remains bullish on the higher time frames. This is clear as we can see the prices trading above the two EMAs. It is very likely that the upward trend will continue.
The bullish momentum at the $0.0437 supply level during yesterday’s session has sustained the coin market to remain in an upward trend.
The coin price spikes up to the $0.0488 high level above the two EMAs as the 4-hourly session begins today; this however indicates an uptrend in the context of the strength of the market.
A bullish breakout from the current resistance will trigger the reversal pattern and drive the prices of HELLOUSD higher above the $0.0530 previous supply value.
Further, the daily stochastic is in an upward direction, which means that additional buying pressure is likely, in this case, the coin price may possibly reach the $0.1000 psychological resistance to obtain a better possibility for price recovery in its long-term perspective.
HELLO (USD) Medium-term Trend: Bullish (1H Chart)
On the 1-hourly chart, prices are above the moving averages and have confirmed a bullish momentum breaking the previous high. The HELLOUSD pair is in a smooth uptrend as can be seen from the chart below.
The high bullish impact at the $0.0439 resistance value in the previous action has made the coin price remain strong above the resistance trend lines.
The crypto is losing bearish momentum as it rises up to a $0.0489 high level above the moving averages as the 1-hourly chart begins today. This is due to a high bullish impact on the market price.
Hence, if buyers should increase their momentum and close the hourly chart above the $0.0554 resistance mark, the potential bullish rally could hit the $0.1000 supply value in the days ahead in its short-term perspective.
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