Hoge Finance (HOGE) envisions itself as a community focused DeFi auto-staking ERC-20 token. If the cryptocurrency market can maintain positive price momentum and external factors such as the consumer price index report works in our favour on the 10th August we could see a big move soon for Hoge Finance (HOGE). The bullish scenario is that we break through the upper trendline of the ascending channel to $0.0000416 (2.44% price increase) and then break out to the next major resistance level of $0.0000481 (15.55% price increase) as seen in the price charts below. If Hoge Finance (HOGE) gets rejected here we could print another swing-low on the charts to around the $0.000037 price levels before another blast off to resistance. Usually this means we are due a slight retracement or temporary pull back before seeing another impulse in the price.Īs demonstrated above Hoge Finance is now consolidating at the $0.0000403 range as we reach a level of resistance. Though for now it is merely dubious speculation as the relative strength index is overbought and we have seen many green candles. If Bitcoin can also maintain positive price action, it should pull the rest of the crypto market up with it and other altcoins – this includes meme coins too.Ĭurrently Hoge Finance (HOGE) is forming a bullish ascending channel on the price charts which could potentially lead to continuation to the upside. The next level of resistance for Hoge Finance (HOGE) is the swing high from the 29th July, at roughly $0.0000416.įrom a technical analysis point of view Hoge Finance (HOGE) is looking rather bullish. It is worth noting that as Hoge Finance (HOGE) only has a $14 million dollar market capital and as a result the price action can be extremely volatile.
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