🔥 $HYPE can't break $57, but the tape underneath tells a different story.
A major buyer picked up $11.17M in HYPE on Aug 11; the same day the protocol burned $1.07M in tokens from fee revenue.
Price is still boxed between $50-51 support and $57 resistance, down ~29% from June's $76.87 all-time high.
Smart money is accumulating into weakness. The real question is whether spot demand shows up before the range finally breaks. #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#
A major buyer picked up $11.17M in HYPE on Aug 11; the same day the protocol burned $1.07M in tokens from fee revenue.
Price is still boxed between $50-51 support and $57 resistance, down ~29% from June's $76.87 all-time high.
Smart money is accumulating into weakness. The real question is whether spot demand shows up before the range finally breaks. #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#