💥 HYPE is moving sideways, traders are anxiously waiting for signals
📊 The price of Hyperliquid (HYPE) has been in a sideways range of 30.77 – 36.51 USD since January 28 → the market is in a state of 'waiting to see who blinks first'.
⚖️ Derivatives give conflicting signals:
🔻 Long/Short ratio = 0.91 → the short side still has the upper hand.
🔼 However, the funding rate is positive (0.0033%) → the long side is willing to pay the fee, expecting a price increase.
👉 History shows that every time the funding turns positive, it is often accompanied by a notable upward trend.
📉 Technical analysis:
RSI ~53 and sliding towards 50 → upward momentum is weakening.
MACD has just appeared with a bearish cross → warning of downward pressure.
🎯 Notable scenarios:
If it breaks the 100-day EMA (30.77 USD) → it could drop to 26.85 USD.
If it breaks 36.51 USD → the next target is around 44.46 USD (Fib 61.8%).
🧠 Current strategy: 'Wait and observe' – the market has not given a strong enough signal to go all-in on any side.
😆 This article is for reference only, not investment advice. Winning trades are due to skill, losing trades are because... the market turns too sharply 😅
#Hyperliquid #HYPE #CryptoTrading #TechnicalAnalysis #DerivativesMarkets