Weekend analysis: Third, HYPE
① As the biggest beneficiary of DeFi derivatives over the past two years, its ability to generate its own revenue is unmatched. It’s the most competitive coin after BTC and ETH. Not buying the dip near the lows early this year is one of my biggest regrets of the year. Its spectacular standalone bull run this year is second only to ZEC.
② Support: 51.25–54 / 59.65. Key levels now: 74.5–76 / 69.7. Resistance: 83.8.
③ Price is currently consolidating above the 74.5–76 range, following BTC’s broader direction in a volatile shakeout. There may be one or two trading opportunities around this coin’s key levels, so it’s worth watching.
④ Once BTC confirms a right-side confluence on the 1h/2h/4h charts, HYPE’s rebound will lead the way. So, if you’re seeking high returns, you can wait patiently for BTC’s right-side confirmation before entering HYPE.
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Trading in the secondary market is at your own risk!
① As the biggest beneficiary of DeFi derivatives over the past two years, its ability to generate its own revenue is unmatched. It’s the most competitive coin after BTC and ETH. Not buying the dip near the lows early this year is one of my biggest regrets of the year. Its spectacular standalone bull run this year is second only to ZEC.
② Support: 51.25–54 / 59.65. Key levels now: 74.5–76 / 69.7. Resistance: 83.8.
③ Price is currently consolidating above the 74.5–76 range, following BTC’s broader direction in a volatile shakeout. There may be one or two trading opportunities around this coin’s key levels, so it’s worth watching.
④ Once BTC confirms a right-side confluence on the 1h/2h/4h charts, HYPE’s rebound will lead the way. So, if you’re seeking high returns, you can wait patiently for BTC’s right-side confirmation before entering HYPE.
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Trading in the secondary market is at your own risk!