Honk (HONKUSD) Price Forecast: February 8
Honk‘s price will keep rising based on the outlook as the coin now trades strongly above the supply trend levels. The crypto at the moment is currently recovering and facing the upper channel. Thus, if the coin closes above a $0.0260 high mark, the accelerated buying pressure may increase the price to hit the $0.0280 upper resistance level, resulting in an intraday gain and a potential crypto signal for the coin holders.
Key Levels:
Resistance Levels: $0.0180 $0.0181, $0.0182
Support Levels: $0.0070, $0.0060, $0.0050
HONK (USD) Long-term Trend: Bullish (1H Chart)
HONKUSD turns positive again today, as can be seen from the chart below. The coin price will keep rising as it now trading in the upper channel of the market and confirms a bullish race. This is due to the high impact of the buy investors in the coin market.
However, the previous action at the $0.0124 high level in the past session has sustained the coin price to remain strong above the trend line in its recent high.
The price opened lower but managed to trade in green over the past few hours. The price finds a reliable resistance at $0.0146 trend line which further increases to $0.0181 above the moving averages as the 1-hourly session begins today, resulting in intraday gains. This will enable the Honk price to keep rising and fuel the release of more buy investors into the market.
Currently, the price signal is pointing upwards indicating a bullish move and in this case, the price of HONKUSD will keep rising and could jump up to hit the $0.0280 upper supply mark sooner in its long-term outlook.
HONK (USD) Short-term Trend: Bullish (15-Minute Chart)
Analyzing the chart below, we can see that HONKUSD’s price will keep rising as it remains strong in a bullish market zone. The price currently trades above the EMA-50 making higher highs and moving towards the major upper resistance area. 
The high bullish impact on the crypto at the $0.0239 high level in the previous action has contributed to its bullishness in its recent high.
The strong push by buyers to the $0.0180 resistance trend line above the moving averages as the 15-minute chart opens today shows that the buying activities are rising and this may continue. Thus, if the long traders could break above the $0.0260 supply mark, the bearish thesis will be invalidated.
Likewise, there is a possibility that the price of Honk will keep rising as we can see more buyers around the market at the moment. This may extend the crypto price to a high at $0.0280 upper resistance value soon in its lower time frame.
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