HUND (HUNDUSD) Price Forecast: January 1
The HUND pair has just kick-started a massive uptrend and will keep rising based on the outlook. The cryptocurrency is currently recovering and facing the upper channel. Thus, if the bullish turnaround breaks above the $0.025 peak barrier, the accelerated buying pressure may increase the coin price to hit the $0.040 upper resistance level, resulting in an intraday gain and a potential buy signal for the coin holders.
Key Levels:
Resistance Levels: $0.017, $0.018, $0.019
Support Levels: $0.009, $0.008, $0.007
HUND (USD) Long-term Trend: Bullish (Daily Chart)
HUND price will keep rising as it remains stable above the resistance level in its long-term view. The coin price now trades in the upper channel of the market, confirming a bullish race due to the high impact of the buy investors in the coin market.
The coin has been having a series of moves by the bulls, making it possible for the price to remain firm in an uptrend in its recent high.
Today’s daily bullish candle at the $0.017 supply value above the moving averages will keep rising, confirming the bulls’ dominance.
However, there are bullish signals above the $0.012 level, indicating that the HUNUSD price will keep rising. Further, the HUND price indicates upward momentum on the daily signal. As a result, the pair will keep rising, and this may get to the $0.040 upper resistance trend mark soon in its long-term outlook.
HUND (USD) Medium-term Trend: Bullish (4H Chart)
Despite the moves by the short traders, the HUNDUSD price will keep rising as it remains in an uptrend in its medium-term outlook.
The HUND market is showing promising signs of recovery as the price remains pressured above the crucial level, indicating a significant upward trend.
The sustained pressure by the bulls to a $0.011 supply level in the previous action has enabled the HUNDUSD price to keep rising and stay strong above the resistance lines in its recent high.
The price movement of HUNDUSD to a $0.017 high level above the EMA-50 as the 4-hourly chart commenced today will keep rising, and enable the bulls’ recovery to foster a higher price resulting in an intraday gain for buyers.
If a renewed surge in the buyers’ interest occurs, the token will keep rising to retest the $0.020 high level, gunning for the upper boundary of the range.
Hence, with the HUND price pointing upwards on the daily stochastic, further upside is certain. Therefore, buyers may push the price action up to hit the $0.040 upper resistance level as the crypto keeps rising in its medium-term outlook.
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