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HNT’s rally to $10 – Here’s why traders’ interest could be key!
A hike in traders’ interest has allowed HNT to climb on the charts lately.
Token recently bounced off a major support level and started moving north on the price charts
Rally seemed likely to continue, as metrics suggested favorable conditions for further upside
In the last 24 hours, HNT has posted gains of 12.50%, despite a 16.60% drop over the past week. In fact, its monthly performance stood at 20.14% at press time, with recent developments hinting at strong potential for sustained growth on the charts.
Hence, AMBCrypto analyzed key factors influencing HNT’s current uptrend and explored possible scenarios for its future price action.
Support acts as a lever for HNT’s push
HNT recently bounced off the lower support level of an ascending channel, a price pattern that outlines a clear path for upward movement within defined support and resistance zones. The recent rebound from this channel’s support was further reinforced by another critical level at $6.564.
Source: ambcrypto.com
