$BTC is down almost 7% on the day and $HYPE barely moved. Sitting around 71.4 like nothing happened.
The 70 area got tested four days straight now. 70.42 on Tuesday, 70.60, then a wick to 69.55 yesterday and 69.95 today. Every time it got bought back.
Thing is, the bounces keep stalling too. Last one died at 74.4 on Nov 11, so it's basically boxed between those two.
For me a daily close above 74.4 is where it actually starts leading. Lose 69.5 on a daily close and all this relative strength just turns into a late flush.
The 70 area got tested four days straight now. 70.42 on Tuesday, 70.60, then a wick to 69.55 yesterday and 69.95 today. Every time it got bought back.
Thing is, the bounces keep stalling too. Last one died at 74.4 on Nov 11, so it's basically boxed between those two.
For me a daily close above 74.4 is where it actually starts leading. Lose 69.5 on a daily close and all this relative strength just turns into a late flush.
