HEC DAO facing more selling pressiure

HEC DAO seems to be on a path to $40 first and if it breaks $28 is possible before it bounces back. When we brokeout of the resistance trendline last week and went back up to 80s we had glamour of potential reversal but HEC got rejected there. Unfortunately, since then selling pressure continued. We have squeezes forming to the downside.

It looks like HEC will test it is current backing price in 40s soon.