Honestly, the candlestick chart for $HYPE over the past two days looks more and more like it’s giving the November 6 unlock some breathing room in advance.
It shot straight up from around 80 to just above 90, and has now fallen back to 83—below the 7-day moving average at 86. The 30-day moving average is still supporting it around 83. Put simply, it’s slowly giving back some of that rally.
I’m watching just one level: 80.6, the platform it was at before this sharp run-up. If it holds, at least the market is still digesting the move. If it breaks below that level decisively, the 30-day low of 76 is right there. To regain strength, it first needs to get back above 86.
The broader market $BTC is also hovering around 76,000, while $ETH is clinging to 2,250. Altcoins are fragile as it is. With things moving like this just three days before the unlock, would you sell half now, or wait for a breakdown? Just my personal opinion—manage your own positions.
It shot straight up from around 80 to just above 90, and has now fallen back to 83—below the 7-day moving average at 86. The 30-day moving average is still supporting it around 83. Put simply, it’s slowly giving back some of that rally.
I’m watching just one level: 80.6, the platform it was at before this sharp run-up. If it holds, at least the market is still digesting the move. If it breaks below that level decisively, the 30-day low of 76 is right there. To regain strength, it first needs to get back above 86.
The broader market $BTC is also hovering around 76,000, while $ETH is clinging to 2,250. Altcoins are fragile as it is. With things moving like this just three days before the unlock, would you sell half now, or wait for a breakdown? Just my personal opinion—manage your own positions.