- HEI price climbs 4.65% to $0.3798 as 24-hour volume jumps 29.68% to $11.3 million
- Trading volume surges to $11.3M with HEI holding above key EMA 9 at $0.3696
- HEI trades near resistance at $0.3906 with 79% of community showing bullish sentiment
Heima (HEI) is currently worth $0.3798, which is a 4.65% increase from yesterday. Along with the price change, trading activity has gone up a lot, with 24-hour volume reaching $11.3 million, a 29.68% increase. The higher volume has helped prices move in a positive direction as HEI bounces back from earlier intraday lows of around $0.3400.
The most recent 4-hour candlestick chart shows that HEI has been trading in a horizontal price channel between $0.3450 and $0.4400. Recently, the token bounced off the lower end of this range, which means that there is a lot of buying interest near support. The price is still above the 9-period EMA of $0.3696 and is getting close to the 50-period SMA resistance level of $0.3906. If this level is broken, it could change the short-term outlook toward a possible retest of the $0.4400 resistance zone.
Technical indicators point to a possible breakout setup
Technical indicators show some signs of getting stronger once again. The RSI is near 44.32, which is slightly under the neutral 50. The MACD is not in positive territory, seeing it at a -0.2723 reading. However, the difference between the MACD and its signal line is narrowing, and this may indicate a change in the momentum.
79 percent of the 12,500 respondents taking part in a survey stated they were bullish on the token, which means the community continues to believe in it. The fact that people still have their interest in the project is evidenced in the community engagement of the project and the increased market capitalization of a project that stands at $29.03 million. The circulating supply of HEI and tokens appears balanced (96.61 million and 76.42 million, respectively).
If buying pressure persists and the price closes above $0.3906 with significant volume, HEI may move towards $0.4400. If support at $0.3690 isn’t held, the price could go back to $0.3450. The market participants are closely monitoring the movement of prices around these crucial technical levels.
