EXCLUSIVE: HEX Dips 60% From its All Time High, Crypto Analyst Predicts Here’s what will Happen Next

Vinod Dsouza

HEX dipped -60% from its all-time high (ATH) of $0.51 on September 19, 2021. The coin is now hovering around the $0.20 to $0.22 mark for close to two weeks.

The dip is drastic for people who are brought to the top. The others who picked it up at a lower price, believe it is trading sideways. HEX has a history of doubling in price approximately every 48 days and has achieved it 13 times. This has to be the first time the coin did not double in price since its inception in December 2019.

However, in an exclusive interview with Watcher Guru, financial analyst Dara Gadziala, the co-founder of the crypto and stock market firm The Bomb Hustle predicted that HEX will soon experience a ”major pullback”.

Here’s Why HEX Dipped, As Per the Crypto Analyst

HEX runs on ”stakes” and the majority of the investors’ saw their stakes end in October. Gadziala revealed that investors pulled out their profits after the stakes came to an end resulting in a price dip.

“I believe some stakes ended in October but you can see when stakes end on the site. You want people that own huge portions out or to emergency end the stake,” she said to Watcher Guru.

What to Expect Next?

Now that HEX is down -60% from its all-time high, Dara Gadziala predicts that a rebound in price is on the cards. Looking at its charts, she claimed that HEX usually works the opposite direction of the crypto market. “Usually HEX dips when Bitcoin and Ethereum are up.”

Hinting on the stakes coming to an end, she said, ”People will definitely take profits but in the long run HEX will outperform most assets. It’s not a meme coin, it’s a certificate of deposit.”

Gadziala predicted that those who buy the dips now would soon reap the rewards when it experiences a pullback. ”Any smart investor takes profits and buys the dips when they believe in a project. What goes down comes back up, study the charts and patterns and what HEX has done in the past after major pullbacks. The community is strong and waiting for PulseChain to launch.”

Also, Richard Heart’s PulseChain is expected to be launched sometime in December 2020. However, we will have to wait for an official confirmation about its development and release date.

HEX at the time of publishing was trading at $0.22 and is up +1.75% in the day’s trade.