HEX, PLS, PLSX, and INC all print bullish weekly engulfing candles after weeks of decline, signaling a potential local bottom for the PulseChain ecosystem. PLS leads with a VWAP reversal above zero.
PulseChain Ecosystem Shows First Signs of Reversal After Nine Weeks Down
After nearly two months of consistent decline across the PulseChain ecosystem, all four major Richard Heart assets — PLS, PLSX, HEX, and INC — just printed their first bullish weekly engulfing candles, signaling that a local bottom may be forming.
Sentiment across the community is improving, and the charts are starting to reflect early technical reversal structures. Let's break it down by token.
HEX (HEX/USD)
After nine straight weeks of downward movement, HEX finally closed the week of October 25 with a bullish engulfing candle, marking a potential end to the retracement that began in early August.
HEX made its local low around $0.0055 on October 10, then recovered to $0.0059 by October 17, before confirming strength with a higher close near $0.0062 mid-week and the bullish engulfing candle on the 23rd.
The next major resistance to watch is around $0.0146, and reclaiming that level would confirm a mid-term reversal. Historically, HEX tends to move quickly once a reversal structure confirms, and current volume shows early signs of accumulation returning.
INC (Incentive Token)
The Incentive Token also printed a smaller bullish engulfing weekly candle after nearly ten weeks of downtrend. While not as aggressive as HEX, this formation is a positive sign of momentum shift.
INC now needs to find support and begin testing the $1.80 resistance zone. A clean weekly close above that level would set up a stronger trend continuation into November.
The increase in trading activity on PulseX DEX is also contributing to renewed demand for INC, as more fees are burned and redistributed through the protocol.
PLSX (PulseX)
After nine weeks of pullback, PLSX — the core decentralized exchange token for PulseChain — also confirmed a bullish engulfing weekly close.
The key level to watch now is $0.00003. Reclaiming that range and flipping it into support would be a strong signal that PulseX is ready for a reversal and renewed uptrend.
Liquidity across both PulseX v1 and v2 is increasing again, suggesting that participants are positioning ahead of a potential November rally.
PLS (PulseChain)
The PulseChain gas token PLS is leading the ecosystem's recovery. After a nine-week downtrend, PLS closed the week with a bullish engulfing candle — but what makes it stand out technically is that its VWAP (Volume-Weighted Average Price) has already crossed back above the zero line.
That's a strong buy signal historically associated with early trend reversals. The next key resistance for PLS is around $0.000043. A test and breakout of that level could confirm a new short-term uptrend.
As the gas token that powers all PulseChain transactions, renewed PLS momentum often precedes strength across the rest of the ecosystem.
Market Sentiment Turning Positive
For the first time in months, all four Richard Heart ecosystem tokens have aligned technically — showing bullish engulfing weekly candles and improving volume profiles.
Community sentiment on X (formerly Twitter) has also shifted noticeably. Traders, developers, and long-term holders alike are discussing the potential of a confirmed local bottom and a recovery phase heading into November.
With PulseChain's fundamentals strong, network activity stable, and treasury wallets showing recent movement, the ecosystem looks positioned for a potential reversal period after a prolonged downtrend.
Summary
- HEX: Bullish weekly engulfing candle; next resistance $0.0146
- INC: Needs to test $1.80 for confirmation
- PLSX: Eyes on $0.00003 breakout level
- PLS: VWAP crossover above zero — strong reversal signal
If these tokens hold current levels and continue showing strength, October could mark the turning point for the PulseChain ecosystem, setting up a strong November ahead.
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