Guys, HYPE is at 72 now, slipping another notch.
The post at 2 a.m. said to wait and see: if 70.8 broke below 70, it wouldn’t hold. It really did break below at a little after 7 a.m., hitting a low of 70.7. But it only dipped a few cents below, never even touched 70, and then bounced back. Waiting and watching was the right call; that dip below was a false break.
But the upside looks worse. 73.9 at 2 a.m. was today’s high, and it hasn’t gotten back there since. After 7, it’s been stuck between 71 and 72.3.
Volume is shrinking too, with trading value falling from nearly $1.2 billion to just over $900 million. Before, volume was up but the price wasn’t; now even the volume has dried up. Nobody wants to touch it.
Still waiting and watching—nothing’s changed. Let’s see if it can reclaim 73.9, then look toward 75.3. If 70.7 breaks again, it won’t be a false break—70 definitely won’t hold.
I’ll let you guys know as soon as anything happens. #HYPE $HYPE
The post at 2 a.m. said to wait and see: if 70.8 broke below 70, it wouldn’t hold. It really did break below at a little after 7 a.m., hitting a low of 70.7. But it only dipped a few cents below, never even touched 70, and then bounced back. Waiting and watching was the right call; that dip below was a false break.
But the upside looks worse. 73.9 at 2 a.m. was today’s high, and it hasn’t gotten back there since. After 7, it’s been stuck between 71 and 72.3.
Volume is shrinking too, with trading value falling from nearly $1.2 billion to just over $900 million. Before, volume was up but the price wasn’t; now even the volume has dried up. Nobody wants to touch it.
Still waiting and watching—nothing’s changed. Let’s see if it can reclaim 73.9, then look toward 75.3. If 70.7 breaks again, it won’t be a false break—70 definitely won’t hold.
I’ll let you guys know as soon as anything happens. #HYPE $HYPE
