HOT Price May Break $0.0020 Support Level, TAMA Presale Hits $16 Million

Bearish Momentum Gains in HOT Markets

HOTUSD Price Analysis – September 16th

If the bearish momentum picks up further, the price will break the $0.0020 support level. Below that are support levels at $0.0018 and $0.0016. If the $0.0020 support level holds, HOT may reverse and face resistance levels at $0.0021, $0.0023 and $0.0025.

Key level:

Resistance Levels: $0.0021, $0.0023, $0.0025

Support levels: $0.0020, $0.0018, $0.0016

HOTUSD Long-Term Trend: Bearish

HOTUSD is bearish on the daily chart. The price followed a bullish command when a bullish candle emerged at his support level of $0.0020 on July 28th. The price has moved up towards the resistance level of $0.0028. The Bulls were unable to break the level. The bears have taken over the bearish candle formation. The price breaks down to the support level of $0.0022 and the range starts.

The fast moving average (9 period) crossed the lows of the slow moving average (21 period EMA) and the price is below the 2 EMAs in a sign of bearish action. If the bearish momentum picks up further, the price will break the $0.0020 support level. Below that are support levels at $0.0018 and $0.0016. If the $0.0020 support level holds, the price may reverse and face resistance levels at $0.0021, $0.0023 and $0.0025. The Relative Strength Index period 14 is down at the 42 level to indicate a sell signal.

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HOTUSD Mid-Term Trend: Bearish, Madonna Presale Reaches $16 Million

HOTUSD is bearish on the 4-hour chart. The price action on the 4-hour chart has formed a double top chart pattern at the $0.0028 level. The price falls from the high of $0.0028 to the support level of $0.0020. Prices are struggling to break through the aforementioned levels.

The currency has crossed the downside of the 9- and 21-period EMAs with the previous EMA below the later EMA, indicating that the bears are dominating the market. The Relative Strength Index period 14 is at the 25 level and the signal line is pointing down to indicate a sell signal.

The TAMA pre-sale will sell 1 billion tokens. This number represents 50% of the total TAMA supply. TAMA’s solid tokennomics is one of the reasons why presales have become so popular. Unlike other memecoins with trillions to trillions of coins in supply, TAMA’s supply is capped at 2 billion. TAMA has also secured new partnerships to make memecoin popular in the crypto community. To make it easier for traders to invest in his memecoin, the Tamadoge team will allow users to buy his Ether using a card or his local payment method such as Transak and convert ETH to his TAMA. announced Fiat On-Ramp support.

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