Technical analysis by CryptoAnalystSignal about Symbol HOT: Buy recommendation (5/12/2025)

#HOTThe price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.We are seeing a bounce from the lower boundary of the descending channel, which is support at 0.001240.We have a downtrend on the RSI indicator that is about to be broken and retested, supporting the upward trend.We are looking for stability above the 100 moving average.Entry price: 0.001346First target: 0.001415Second target: 0.001500Third target: 0.001607