Think sideways trading after a breakout means $HYPE has run out of steam? This pullback didn’t even fall below the previous high.
If a top were really forming, the indicators would have shown it by now. But RSI is rising in step with the price, with no extreme divergence, and MACD has given no topping signals either. The price is holding firmly above $92, clearly turning the previous resistance level into a support floor.
The pullback held above the previous high, and the indicators aren’t overextended. This kind of patient consolidation is much healthier than blindly accelerating higher—the bulls’ case for probing further upside remains intact.
#HYPE
👇
If a top were really forming, the indicators would have shown it by now. But RSI is rising in step with the price, with no extreme divergence, and MACD has given no topping signals either. The price is holding firmly above $92, clearly turning the previous resistance level into a support floor.
The pullback held above the previous high, and the indicators aren’t overextended. This kind of patient consolidation is much healthier than blindly accelerating higher—the bulls’ case for probing further upside remains intact.
#HYPE
👇