$HYPE is up 7.4% on the week while $BTC is down 3.8%. Would you put $500 in at $83.76, or is it too late?
The week in numbers: low $77.76, then a spike on Oct 29 to $97.74, and a slow bleed since. Price now sits ~14% under that high, and 24h volume (~$33M) is running about 40% below its 7-day daily average.
Case for buying: relative strength in a red week is rare, and the pullback has already handed back half the spike. Patient buyers get a better price than the breakout chasers did.
Case for waiting: lower highs every day since Oct 29 and fading volume. No buyer has shown up yet, and the $78 area is where the move started. HYPE can swing 10% in a day, so size accordingly.
So: $500 in now, wait for $78, or skip it entirely?
Not financial advice.
#Hyperliquid #CryptoTrading #Altcoins
The week in numbers: low $77.76, then a spike on Oct 29 to $97.74, and a slow bleed since. Price now sits ~14% under that high, and 24h volume (~$33M) is running about 40% below its 7-day daily average.
Case for buying: relative strength in a red week is rare, and the pullback has already handed back half the spike. Patient buyers get a better price than the breakout chasers did.
Case for waiting: lower highs every day since Oct 29 and fading volume. No buyer has shown up yet, and the $78 area is where the move started. HYPE can swing 10% in a day, so size accordingly.
So: $500 in now, wait for $78, or skip it entirely?
Not financial advice.
#Hyperliquid #CryptoTrading #Altcoins
