$HEMI Long Liquidation: $1.0241K at $0.01028
$HEMI is experiencing a correction, trading below key moving averages (7-, 30-, 50-, 200-day), signaling bearish pressure. The break below the main pivot and critical Fibonacci levels highlights seller control. RSI is approaching oversold, suggesting potential short-term relief, while MACD remains bearish.
Support zones: $0.0100, $0.00995–$0.01005
Downside risk: $0.00985–$0.00990
Resistance zones: $0.01035–$0.01045, $0.01055–$0.01065
24-hour volume and net outflows indicate ongoing distribution. Short-term bounces may occur due to oversold conditions, but the broader trend remains weak until major resistance is reclaimed. DYOR and watch for volume confirmation before acting on reversals.
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HEMI
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