The asset looks technically constructive, but the current entry quality is not perfect.
In the current Sideways Quiet regime, the best-fit approach is Range trading / mean reversion. The market is balanced and relatively calm, which tends to reward mean-reversion behavior and range trading more than breakout chasing.
Hop Protocol support and resistance levels highlight key price zones where buyers and sellers are most active. This section helps identify likely breakout areas, pullback support, overhead resistance, and the current trading range so you can evaluate trend continuation, reversal risk, and near-term crypto price direction.
| Level | Zone | Strength |
|---|---|---|
| Support 1 | $0.0004961 - $0.0005215 | |
| Support 2 | $0.0004821 - $0.0004949 | |
| Support 3 | $0.0003822 - $0.0003949 | |
| Support 4 | $0.0003691 - $0.0003819 | |
| Resistance 1 | $0.0005844 - $0.0005972 | |
| Resistance 2 | $0.0006200 - $0.0006328 | |
| Resistance 3 | $0.0006686 - $0.0006813 | |
| Resistance 4 | $0.0007031 - $0.0007159 | |
| Active 1 | $0.0005316 - $0.0005581 |
HOP clears the resistance zone at $0.0005844 - $0.0005972 and holds above it. That would strengthen the breakout case and shift attention to $0.0006200 - $0.0006328.
HOP loses the support zone at $0.0004961 - $0.0005215. That would weaken the setup and open the way toward $0.0004821 - $0.0004949.
HOP continues trading between $0.0005215 and $0.0005844. In that case, range-trading conditions remain active.
Technical indicators help summarize trend, momentum, volatility, and key price levels. They should not be used in isolation, but they can help identify whether a coin is trending, ranging, overextended, or approaching an important support or resistance level.
| Indicator | Value | Signal | Interpretation |
|---|---|---|---|
| SMA50 | $0.0005229 | Bullish | HOP is trading above the 50-day average. |
| SMA200 | $0.0006128 | Bearish | HOP remains below the long-term trend line. |
| EMA50 | $0.0005233 | Bullish | HOP is holding above the 50-day exponential average, which supports the recent trend. |
| EMA200 | $0.0009781 | Bearish | HOP is below the 200-day exponential average, which keeps the longer-term structure under pressure. |
| RSI (14) | 54.67 | Neutral | RSI (14) is at 54.67, which keeps momentum in a balanced range. |
| Stoch RSI (14) | 79.63 | Neutral | Stoch RSI (14) is at 79.63, which suggests momentum is active but not yet extreme. |
| MACD | 0.0₅3305 | Bullish | MACD is above its signal line. |
| ATR | 1.84% | Quiet | Volatility is below its 180-day median. |
| VWMA | $0.0005048 | Bullish | Price is above the volume-weighted average. |
| Commodity Channel Index (20) | 62.52 | Neutral | CCI (20) is at 62.52, which keeps price relatively close to its recent average. |
| Awesome Oscillator (5, 34) | $0.0₅1185 | Bullish | Awesome Oscillator is above zero at $0.0₅1185, which supports bullish momentum. |
| Williams Percent Range (14) | -24.54 | Neutral | Williams Percent Range (14) is at -24.54, which keeps price in the middle of its recent range. |
| Bull Bear Power (13) | $0.0₅2982 | Bullish | Bull Bear Power (13) is positive at $0.0₅2982, which suggests buyers are controlling price relative to the EMA baseline. |
| Ultimate Oscillator (7, 14, 28) | 42.22 | Neutral | Ultimate Oscillator is at 42.22, which suggests momentum is balanced across its short, medium, and long windows. |
| Hull Moving Average (9) | $0.0005327 | Bullish | HOP is trading above the Hull Moving Average (9), which supports the near-term trend. |
| Ichimoku Cloud B/L (9, 26, 52, 26) | $0.0005178 | Bullish | HOP is trading above the Ichimoku base line, which supports bullish structure. |
Over the past 7 days, Hop Protocol price was most positively correlated with the price of SPX6900 (SPX), Ethereum (ETH), Bitcoin (BTC), Binance Coin (BNB) and Pepe Coin (PEPE) and most negatively correlated with the price of Raydium (RAY), LayerZero (ZRO), Litecoin (LTC), PancakeSwap (CAKE) and Ondo Finance (ONDO).
| Name | Correlation |
|---|---|
| SPX6900 | 0.909 |
| Ethereum | 0.898 |
| Bitcoin | 0.893 |
| Binance Coin | 0.841 |
| Pepe Coin | 0.813 |
| Name | Correlation |
|---|---|
| Raydium | -0.799 |
| LayerZero | -0.738 |
| Litecoin | -0.690 |
| PancakeSwap | -0.630 |
| Ondo Finance | -0.570 |
Hop Protocol price is positively correlated with the top 10 coins by market cap with a price of 0.012, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.016. Currencies that are positively correlated with Hop Protocol indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Hop Protocol, a move in one direction for Hop Protocol would translate into a move in the opposite direction for the negatively correlated coin.
