HUND (HUNDUSD) Price Forecast: December 27
HUNDUSD shows strong signs of recovery and might bounce up to the $0.025 peak level as it holds a recovery opportunity with a bullish sentiment. The coin may likely bounce up to the $0.025 supply level as it faces the upper channel. The potential breakout from the immediate resistance of $0.017 will give additional confirmation for a bullish recovery if the bulls can increase their efforts in the market.
Key Levels:
Resistance Levels: $0.017, $0.018, $0.019
Support Levels: $0.0, $0.070, $0.060
HUND (USD) Long-term Trend: Bullish (Daily Chart)
The long-term market value of HUND is moving in a bullish direction and might bounce up to reach the upper resistance level as it remains pressured above the supply trend levels, indicating a bullish momentum.
The bulls’ pressure on the crypto to a $0.008 resistance level in the previous action has enabled the coin price to bounce up to its recent high level.
Today, the HUNDUSD bounced up to a $0.017 high level above the EMA-50 as the daily chart opened, due to a high bullish impact on the token. This breakup may accelerate the bullish momentum and extend the ongoing correction to bounce up to a higher level.
Additionally, the price of HUND might bounce up and increase if the bulls could push harder, if this is achieved, the coin price might bounce up to the $0.025 resistance level in the nearby days and beyond in its higher time frame.
HUND (USD) Medium-term Trend: Bullish (4H Chart)
The HUND market is increasing and might bounce up to a crucial level at the upper part of its medium-term outlook due to the high inflow from the long traders.
The increase in the momentum by the bulls at the $0.008 supply value in the last session has enabled the HUNDUSD price to bounce up and stay strong above the resistance lines in its recent high.
The market price of HUNDUSD at the $0.017 level above the EMA-50 as the 4-hourly session opens today might bounce up to hit the $0.019 supply level if additional effort is added to the buying pressure, giving the crypto a high tendency to rise further.
Furthermore, the daily stochastic signals an uptrend; if the bulls could push harder and sustain the coin price above the $0.019 previous high, the resulting rally might bounce up to surpass the $0.025 level and hit the $0.30 psychological level at the upside in the days ahead in its medium-term perspective.
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