Sly010
1 Objave
Sly010
Crypto Trader | Community Builder | Content Creator | Document my journey to 6 figures
8 Sledite
2 Sledilci
1 Všečkano
Objave
$HYPE has been maintaining a strong bullish market structure, printing a series of higher highs and higher lows while respecting the ascending trendline support.
The recent impulse move pushed the price into a major resistance and potential reversal zone around the $74 region, where profit-taking pressure could emerge.
While the chart is showing signs of being overextended, market sentiment remains mixed.
Interestingly, recent data indicate a decline in TVL accompanied by exchange outflows. Historically, sustained exchange outflows can reduce immediate selling pressure, which may support another bullish leg before a deeper correction occurs.
#hype
The recent impulse move pushed the price into a major resistance and potential reversal zone around the $74 region, where profit-taking pressure could emerge.
While the chart is showing signs of being overextended, market sentiment remains mixed.
Interestingly, recent data indicate a decline in TVL accompanied by exchange outflows. Historically, sustained exchange outflows can reduce immediate selling pressure, which may support another bullish leg before a deeper correction occurs.
#hype
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