Hyperlequid (HYPE) has continued to achieve strong revenues, raising $ 42.53 million of fees over the past thirty days. However, despite the strong basics, momentum indicators weaken, as RSI and BBTRand indicators show signs of cooling.
Hype recently failed twice to break the main resistance at $ 19.26, pushing the pressure on its short -term direction. Now, the price sits at a critical point where it can collapse either under support or install a new crowd about $ 25.
RSI Hyperleliquid (HYPE) decrease to 42 with weakening momentum
The relative strength index in Hyperleliid (RSI) is sharply cool, as it decreased to 42 from 60.93 yesterday.
This sudden decline indicates that the last difficult difficult momentum has weakened and merchants have become more cautious.
After arriving at the lands seen earlier in the week, the noise approaches levels indicating neutral conditions for a little increase.
RSI is an index of momentum that measures the speed and size of the changes in the last prices of the original. It ranges from 0 to 100, with readings above 70 usually indicates excessive conditions in the peak, and readings less than 30 indicate an increase in conditions.
With RSI’s Hype now in 42 years, the distinctive symbol sits in a neutral area but tends to twice.
If the RSI continues to fall, it can open the door for more negative pressure, but if it settles and bounces, the noise may regain strength before it puts deeper losses.
HyperleQuid (HYPE) can enter unification after BBTREND decrease
Hyperliquid is witnessing a sharp decrease in its BBTREND index, now at 2.63, a decrease from 12.68 five days ago. This sharp decline shows that the difficult momentum that was seen earlier has faded quickly.
BBTRand’s readings often reflect this sharply a great slowdown in the strength of the direction, indicating that the price can enter a standardization stage or prepare for a deeper correction.
BBTREND, or Bollinger Band Trend, measures the strength of assets that tend to width and expand Bollengerer.
High BBTRand values, which generally exceed 10, indicate strong conditions, while low values indicate 0 to a weak or side market. With Bbtrend Hype at 2.63, the current reading indicates the strength of the weak direction.
If BBTRand continues to stay low, this may mean that the price of Hype will enhance or move sideways unless the new momentum is built.
Will the liquid (noise) rise to below $ 16, or exceeds $ 25?
HyperLeliquid has tested the resistance level 19.26 dollars twice in the past few days, but has failed in both cases. As a result, its direction appears to be weaken now, with a possible roll of death.
If the landmark continues, the noise may decrease the support test at $ 16.82.
In the event of a condensation of the sale pressure, a break can open less than $ 14.66, the road towards deeper support levels at $ 12.42 and up to $ 9.32.
On the other hand, if the bullish momentum returns, noise can make another challenge when resisting $ 19.26.
A clear outbreak can open over this level of the path about 21 dollars, and if the momentum remains strong, the noise may collect to $ 25.87.
This would represent the first time that it has exceeded $ 25 since February 21.
Disintegration
In line with the guidance of the confidence project, this price analysis article is for media purposes only and should not be considered financial or investment advice. Beincrypto is committed to accurate and unbiased reporting, but market conditions are subject to change without notice. Always perform your research and consult with a professional before making any financial decisions. Please note that the terms, conditions, privacy policy have been updated and the evacuation of responsibility.
