The current price of HEX was around $0.002, showing a decrease of 2.33% recently. Despite a crash last week, large holders of HEX increased their holdings by 0.5%. The price of HEX has been falling, stabilizing near its lowest point after a significant drop that wiped out about 80% of its value.

HEX Price Trends and Analysis

HEX is trading below key moving averages, indicating a bearish trend. A sharp decline followed the breakdown of a specific pattern. Currently, the price is consolidating, reducing volatility, and showing a potential for a price rebound based on a bullish divergence between the price and the RSI.

HEX Crypto Volume and Whale Holdings

Recent data shows a surge in selling volume, leading to a sharp price decline. However, the volume has decreased as the price stabilizes. Intraday volume is lower compared to previous sessions, with a volume-to-market capitalization ratio of 0.12%. Despite the price fall, whale holdings increased slightly, suggesting confidence in the asset.

Technical Indicators and Forecast

Technical indicators like the RSI and moving averages suggest a potential pullback in the HEX price. The current position of these indicators indicates a recovery from oversold levels. The price is currently range-bound, with a breakout likely to determine the next trend direction.

Conclusion:

HEX is currently stabilizing after a significant drop, with a bearish outlook but potential for a correction indicated by technical indicators. A breakout or breakdown from the current range will signal the short-term trend. A breakout could attract buyers for a potential rebound, while a breakdown may lead to further price declines. Traders should monitor these key levels for potential trading opportunities.