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HODL Crypto Hits $0.000289 – Can It Recover From The 200% Dip?
HODL, a token based on BNB Chain, has recently seen its value plummet by over 200%, dipping to $0.000289 at press time. Amidst the chaos, it’s crucial for investors and enthusiasts alike to assess whether HODL can recover from this massive dip.
Initially, there was considerable buying activity around HODL as traders jumped in during the rally that brought its value up to an all-time high of $0.001022 on December 13th. However, a sudden surge in selling pressure has caused the altcoin’s price to plummet by over 200%, prompting investors to wonder if there is any potential for recovery.
A brief glance at HODL’s chart shows that one-hour trends indicate bearish patterns. The Relative Strength Index (RSI) is currently at 44, indicating a considerable amount of selling pressure compared to buying activity, which could lead to further losses if this trend continues.
Source: ambcrypto.com
