$HEGE Showing Strength (Technical Analysis)

$HEGE is holding strong after a big rally over the past two weeks.

Over the past two days bitcoin has dipped almost 8%, and memecoins are down across the board. Yet $HEGE got a third daily close above the previous ATH from back in July. This is exactly the strength we want to see. Over the past couple of days, wicks to the upside show shorter term traders are taking profits. But buyers are stepping in to buy the dips, keeping the price level. Over the past week there have been a huge inflow of new holders. Now we want to see this trend continue. If it keeps up, sooner or later there will be no swingers left, and we will be off to new highs. Building a new area of support like this after a strong rally is healthy.

On a personal note, I honestly never had more fun in crypto since I joined the Hege community. I’m more of a tech guy, and had never really been into memecoins before. But I think I get it now. Whatever critics say, organic memecoins (like Hege) are much closer to the original crypto ethos than any big VC-backed tech alt.

Memecoins are fun. They’re accessible. They’re all about community. Most people still haven’t realized this. The big winners will be coins with good original content coupled with a strong community of crazy believers. We’re still early.

TA for HEGE/USD for 27 Nov 2024: Showing strength.

Holders count for HEGE: sharp increase over the past week.