$HYPE is up 15%, but the next move remains uncertain.
HYPE climbed from around $78 to a high of $97.74 before pulling back to $94.08.
Institutional interest surrounding Hyperliquid, including ICE's announced plans for US perpetual futures trading through Trade[XYZ], has added to the market's attention. However, it's difficult to attribute the entire price move to a single catalyst.
From a technical perspective, RSI(6) is at 72.82 on the 1H chart, suggesting elevated short-term momentum. Trading volume has also eased following the sharp rally.
If HYPE fails to reclaim $97.74, profit-taking could lead to a deeper pullback. A break below $93 would make the $90 area worth watching.
The hype is over now. Its time for exhaustive move. Smart trader looking for a new narrative. This narrative is down now. So hype getting slower. But liquidity sweap can lead it 100 bcz of psychological resistance.
#HYPE #HyperLiquid
HYPE climbed from around $78 to a high of $97.74 before pulling back to $94.08.
Institutional interest surrounding Hyperliquid, including ICE's announced plans for US perpetual futures trading through Trade[XYZ], has added to the market's attention. However, it's difficult to attribute the entire price move to a single catalyst.
From a technical perspective, RSI(6) is at 72.82 on the 1H chart, suggesting elevated short-term momentum. Trading volume has also eased following the sharp rally.
If HYPE fails to reclaim $97.74, profit-taking could lead to a deeper pullback. A break below $93 would make the $90 area worth watching.
The hype is over now. Its time for exhaustive move. Smart trader looking for a new narrative. This narrative is down now. So hype getting slower. But liquidity sweap can lead it 100 bcz of psychological resistance.
#HYPE #HyperLiquid
