👀 TIME FOR ANOTHER $HYPE LEG UP?
Around $6.3M in short positions could get liquidated if price pushes toward $89.54.
But there’s a catch.
Most of the recent volume is coming from the spot market rather than perpetual futures, and overall volume still looks pretty weak.
My take? $HYPE could move higher again, but pushing to a new ATH might be difficult without stronger volume and more participation from the perp market.
OI, perp volume, and other activity metrics have also been pretty weak this week.
I’m still watching $HYPE closely, but I wouldn’t expect a new ATH without stronger momentum.
DCA could be an option for those building a longer-term position, but patience and risk management are key. 👀
Around $6.3M in short positions could get liquidated if price pushes toward $89.54.
But there’s a catch.
Most of the recent volume is coming from the spot market rather than perpetual futures, and overall volume still looks pretty weak.
My take? $HYPE could move higher again, but pushing to a new ATH might be difficult without stronger volume and more participation from the perp market.
OI, perp volume, and other activity metrics have also been pretty weak this week.
I’m still watching $HYPE closely, but I wouldn’t expect a new ATH without stronger momentum.
DCA could be an option for those building a longer-term position, but patience and risk management are key. 👀