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The eHEX price has seen a 13% increase in the last 24 hours, reaching $0.00867582 as of 7:30 a.m. EST.
The price of EHEX experienced a significant boost on October 25 when a whale made a transaction worth 400 million EHEX. This transaction prompted small investors to enter the market by drawing from their reserves.
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🇺🇸 BREAKING: The eHEX Whale who accumulated 400 million $HEX at the lows, has done a verified interview on Youtube with Mati Alin.
We all thought it was "secretly Richard Heart"… but it turns out he's just turbo bullish on eHEX.
Interview is LIVE right now 👇🏻 pic.twitter.com/MoNljXmTJz
— yourfriendSOMMI ❤️💛💚💙 (@yourfriendSOMMI) October 25, 2023
The token trading volume for the day has also seen a 66% increase to settle at $3.2 million.
Bulls Determined to Drive eHex Price Higher
EHEX has rebounded from its support level of $0.01137, offering an opportunity for bullish momentum to drive the price higher. The price increase observed last week amounted to a significant 35% rise.
Furthermore, the relative strength index (RSI) has rebounded, contributing to the price’s upward movement from its current support. If this surge continues, the bulls may push the price into the overbought region of the RSI in the upcoming weeks.
Additionally, the price is currently trading above both the 50-day and 200-day simple moving averages, serving as immediate support levels. This situation provides the bulls with the potential to elevate the price further.
The RSI and simple moving averages both support the bullish outlook for EHEX. If this momentum persists, the bulls could propel the price above the resistance at $0.00867582, potentially reaching new highs in the coming weeks.
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Tottenham take on Fulham in the #PremierLeague in 10 minutes⚽
Who's your money on? #TOTFUL pic.twitter.com/8cer8UOXPW
— TG Casino (@TGCasino_) October 23, 2023
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