$HYPE The daily price is above MA50 (86.0843), up 1.78% over 24h.
Where does this number come from?
Moving averages themselves can also act as dynamic support or resistance: when the price is above the moving average and pulls back toward it, many people watch to see whether it holds.
The same moving average can play different roles for different coins: coins with more active trading and more people watching them usually show a stronger reaction near the moving average.
The same data can mean completely different things in different market conditions, so don't blindly apply a single rule of thumb.
#HYPE
Where does this number come from?
Moving averages themselves can also act as dynamic support or resistance: when the price is above the moving average and pulls back toward it, many people watch to see whether it holds.
The same moving average can play different roles for different coins: coins with more active trading and more people watching them usually show a stronger reaction near the moving average.
The same data can mean completely different things in different market conditions, so don't blindly apply a single rule of thumb.
#HYPE