On the weekly chart, $HVLO is testing a key support zone at $0.0014, forming a potential inverse head-and-shoulders pattern, a classic bullish reversal signal. The left shoulder and head bottomed near $0.0013, with the right shoulder forming now. The neckline sits at $0.0022, and a break above could confirm the pattern. The 50-week MA ($0.0020) acts as resistance, while the 200-week MA ($0.0012) supports the bullish case. The Stochastic RSI is rising from oversold levels (below 20), indicating fading selling pressure. However, the Awesome Oscillator shows weak momentum—bulls need green bars for confirmation.
Fibonacci retracement from the all-time high ($0.0055, Feb 2025) places the 50% level at $0.0033, a target if the pattern completes. Failure to hold $0.0014 could see $0.0010 tested (all-time low zone). Volume is low but rising on dips, suggesting accumulation. Hivello’s staking incentives could drive demand, per recent updates.
Trading Plan:
Buy Zone: $0.0015–$0.0016 (near support).
Stop Loss: $0.0013.
Take Profit: $0.0022, $0.0033.
Bearish Scenario: Short below $0.0014, targeting $0.0010.
A weekly close above $0.0022 validates the bullish thesis. Monitor DePIN sector performance, as $HVLO’s low market cap ($949K) makes it sensitive to news. Risk management is key—set stops to protect against sudden dumps. Cross-check with broader market trends before trading.
Fibonacci retracement from the all-time high ($0.0055, Feb 2025) places the 50% level at $0.0033, a target if the pattern completes. Failure to hold $0.0014 could see $0.0010 tested (all-time low zone). Volume is low but rising on dips, suggesting accumulation. Hivello’s staking incentives could drive demand, per recent updates.
Trading Plan:
Buy Zone: $0.0015–$0.0016 (near support).
Stop Loss: $0.0013.
Take Profit: $0.0022, $0.0033.
Bearish Scenario: Short below $0.0014, targeting $0.0010.
A weekly close above $0.0022 validates the bullish thesis. Monitor DePIN sector performance, as $HVLO’s low market cap ($949K) makes it sensitive to news. Risk management is key—set stops to protect against sudden dumps. Cross-check with broader market trends before trading.
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.