$HVLO – Daily Chart Ascending Triangle Formation

The $HVLO token on the daily chart is forming an ascending triangle, a bullish pattern characterized by higher lows and a flat resistance at $0.0020. The price has respected support around $0.0015 multiple times, aligning with the 200-day moving average (MA), reinforcing its strength. The 50-day MA is trending upward, approaching a potential golden cross over the 200-day MA, which could signal strong bullish momentum. The Relative Strength Index (RSI) at 55 indicates room for upside without being overbought, while the MACD shows a tightening histogram, suggesting an imminent crossover.
Volume has been consistent, with spikes on support tests, hinting at accumulation. A breakout above $0.0020 could target $0.0028 (38% gain), based on the triangle’s height projected from the breakout point. Conversely, a drop below $0.0015 may test $0.0012, a prior low. DePIN sector sentiment and Hivello’s project updates could influence direction, so monitor news.
Trading Plan:
Buy Zone: $0.0016–$0.0017 (near support).

Stop Loss: $0.0014.

Take Profit: $0.0020, $0.0028.

Bearish Scenario: Short below $0.0015, targeting $0.0012.

Traders should watch Bitcoin’s movement, as altcoins like $HVLO often follow. A surge in Solana ecosystem activity could also boost $HVLO. Use tight risk management—low liquidity in newer tokens can lead to sharp volatility. Confirm breakouts with volume and check TradingView community sentiment for additional context.