During the broader market decline, #hype showed relative resilience, rising about 7% at one point intraday, while trading volume also picked up.
The price rebounded from $69.83 to $73.99, with the area around $68 serving as key support, corresponding to the 200 EMA.
The first level to watch on the upside is $78; a breakout could open the door to further gains. The RSI has also recovered from around 40, easing short-term selling pressure.
The price rebounded from $69.83 to $73.99, with the area around $68 serving as key support, corresponding to the 200 EMA.
The first level to watch on the upside is $78; a breakout could open the door to further gains. The RSI has also recovered from around 40, easing short-term selling pressure.
