Nevertheless, the HT price rally has exposed it to potential profit-taking scenarios, per a mix of technical indicators.On the daily chart below, HT's relative strength index has crossed above 70, which is considered an"overbought" signal. That typically follows with the price entering a consolidation or correction period.
Notably, HT's price now tests a resistance confluence made up of its 50-week exponential moving average , the 0.786 Fib line near $7.30, and a horizontal level near $7.40 that has historically served as support but now acts as a price ceiling.The event of a pullback from this resistance confluence could have HT drop toward the $3.4–$3.8 area by the end of this year, a 50% price decline.
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