HNT Price Analysis: HNT Token has been testing the 29.27% level on the Fibonacci retracement chart

• HNT Token has been trading between the range of $ 20 and $ 29.50 over the last couple of weeks
• The coin has been following the Fibonacci retracement for resistance and supports.

HNT Token has been on a downward trend over the last month on the daily chart followed by a current correction. The token made a sharp bullish run from the level of $ 20 to the level of $ 60 within the span of a couple of weeks. The coin since then corrected to around 29.27% on the Fibonacci retracement chart and then made a short bull run before correcting back to the level where it had initially started 4 months back. The coin has seen a bull run during the last trading week and is testing the resistance at the 29.27% level on the Fibonacci chart. The coin looks to continue trading in the current zone over the next few trading sessions.

HNT Token Price has been consolidating in a narrow range over the last few trading sessions, after testing support at $ 20. The coin shows neutral signs on the Relative Strength Index. The volumes for the coin over the last few trading sessions are declining. The coin looks set to continue trading between the $ 20 and $ 29.50 zone over the next few trading sessions. However, traders must look out for any change in direction over the next few trading hours.

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Conclusion: 

HNT Token Price has been trading in a range on the hourly chartt over the last few trading hours. The token is showing neutral signs on the hourly chart. 

Support: $ 20

Resistance: $ 30

DISCLAIMER: The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish any financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.