$HYPE 4 The hourly chart broke down vertically from $0.055. Within the day, the price plunged from $0.044 to $0.031 and is now at $0.0329, down 26.89% in 24 hours.
The most striking thing is the futures data: despite a nearly 27% single-day plunge, the number of open futures contracts went against the trend and rose 7% (notional open interest: 6.16 million U), with long accounts making up as much as 67%.
This coin doesn't even have a spot trading pair on Binance. It has declined steadily by a cumulative 87% over 180 days, with trading driven entirely by $16.2 million U in perpetual futures in a single day. The market is full of dip-buying longs trying to catch a falling knife. There's no sign of sideways trading or position turnover, so even slight selling pressure overhead could break through the liquidation levels of those dip-buyers.
If the previous low at $0.031 gives way, the next key support below is directly at $0.01869.
#Strategy或遭MSCI剔除，面临最高28亿美元卖盘 #H $HYPE #AGT $AGT 👇
The most striking thing is the futures data: despite a nearly 27% single-day plunge, the number of open futures contracts went against the trend and rose 7% (notional open interest: 6.16 million U), with long accounts making up as much as 67%.
This coin doesn't even have a spot trading pair on Binance. It has declined steadily by a cumulative 87% over 180 days, with trading driven entirely by $16.2 million U in perpetual futures in a single day. The market is full of dip-buying longs trying to catch a falling knife. There's no sign of sideways trading or position turnover, so even slight selling pressure overhead could break through the liquidation levels of those dip-buyers.
If the previous low at $0.031 gives way, the next key support below is directly at $0.01869.
#Strategy或遭MSCI剔除，面临最高28亿美元卖盘 #H $HYPE #AGT $AGT 👇
