HEX Surges 82% in Two Weeks—Is $0.005 the Next Stop?

HEX just pulled off a blistering 82% rally since April 11—defying the usual crypto volatility with a near-vertical climb. Traders are now eyeing the $0.005 threshold as the next psychological battleground.

What’s fueling the pump? Speculation ranges from whale accumulation to the token’s unique staking mechanics. Or maybe it’s just another case of ’number go up’ theater—Wall Street could never.

Key levels to watch: A clean break above $0.0045 could trigger FOMO buys, while failure to hold $0.0038 might invite profit-taking. Either way, buckle up.

What’s Pushing HEX’s Price?

The asset’s latest rally comes after the SEC officially dropped its lawsuit against founder Hichard Heart. The SEC filed its lawsuit against Heart in July 2023. The HEX, PulseChain, and PulseX founder was accused of garnering over $1 billion via the sale of unregistered securities.

On Apr. 21, the SEC said it would not amend its complaint. The development marks a rare occurrence when the SEC has lost a lawsuit. The HEX founder’s victory also came on the same day as the swearing in of the new SEC chair, Paul Atkins. The SEC dropping its litigation could be due to Atkins’ pro-crypto stance.

The HEX founder took to X and stated, ““

Can the Asset Hit $0.005 Next?

HEX hit an all-time high of $0.5108 on Sept. 19, 2021. The asset’s price has fallen by about 99.5% since its 2021 peak.

CoinCodex does not anticipate HEX to continue its rally. The platform predicts the asset will enter a sideways trajectory for the next few weeks. CoinCodex expects HEX to trade at $0.002426 on May 24.