$HEMI /USDT Current price is trading around 0.01051, up approximately +5.63% in the last 24 hours. After a sharp intraday spike to 0.01066 followed by a quick pullback, price has stabilized and is now consolidating just below local resistance. On the 1H structure, buyers are stepping back in with higher lows forming, suggesting momentum is rebuilding rather than fading.
The rejection wick from 0.01066 shows supply overhead, but the fact that price reclaimed the 0.01040–0.01045 zone quickly is constructive. Volume over the past 24 hours has been strong, which supports the idea that this is active positioning rather than passive drift.
Technical Structure Overview
Immediate Resistance: 0.01066 (recent high)
Minor Resistance: 0.01055
Support Zone: 0.01028 – 0.01035
Stronger Support: 0.01004 (session low)
The structure currently resembles a short-term consolidation after an impulsive move. If bulls defend the higher low structure above 0.01028, continuation toward the recent high becomes likely.
Trade Setup
• Entry Zone: 0.01040 – 0.01050
• Target 1: 0.01066
• Target 2: 0.01085
• Target 3: 0.01110
• Stop Loss: 0.01018
If the breakout above 0.01066 is taken with expanding volume and strong candle bodies (not just wicks), momentum could accelerate toward the 0.01085–0.01110 region quickly. However, failure to hold above 0.01028 would invalidate the immediate bullish structure and shift focus back toward 0.01004.
#PEPEBrokeThroughDowntrendLine #VVVSurged55.1%in24Hours
