Good morning and happy Thursday! I wanted to drop some technical analysis (TA) for HOVR, and also highlight some exciting news:

$2.9M in Funding Secured

Yes, you read that right. A company with a market cap of about $25M just secured $2.9M in funding. That’s more than 10% of its total market cap!

Now, for the Technical Analysis

Here are the key findings from my TA:

• Support Levels:
  • Daily Support from $0.84 to $0.89
  • Historical Support from $0.62 to $0.75
• Resistance: At $1.05, but if we break through that, it's smooth sailing to $1.14 and beyond.
• EMA Crossover: The 9EMA and 21EMA have crossed bullish on the daily chart and remain bullish.
• Volume Uptick: We saw an increase in volume yesterday and mid-August—always a good sign.
  • Remember, volume precedes price action.
• Algo Flip: My algo flipped bullish on July 25th, and I’ve been keeping a close watch ever since.

Targets

1. $1.03
2. $1.09
3. $1.14
4. $1.29

Check out the chart here! :)

https://preview.redd.it/jbag4ru8pzmd1.png?width=2369&format=png&auto=webp&s=1f223227b3e366eef0ce41818b72cfce1d3eb355

Final Thoughts

I believe we’re well-positioned on both a fundamental and technical level. While no investment is without risk, HOVR is ticking a lot of the right boxes for me. Make sure to check out my previous posts for more in-depth analysis.

Sources: 1, 2, 3, 4