The symbolic noise of the original hyperleliquid has recently seen a 40 % decrease in prices. However, Altcoin shows signs of recovery.
Traders are increasingly bullies on the noise, as many believe that it could regain the losses that continued in the last contraction. This renewed confidence, supported by positive market movements, has sparked hopes for a frequent price.
The liquid height finds strong support
Over the past 24 hours, the open interest of the liquid has increased by $ 44 million, up to a total of $ 428 million. This increase follows up a recent rise in the price, adding momentum to continuous recovery.
Growth in open attention indicates that traders have become more confident in Hype capabilities to high prices. This important flow has sparked optimism between investors and merchants alike, as many view this as a sign of more upward trend.
As a result, there is a regenerated feeling of enthusiasm among the noise lovers, who believe that altcoin is in a good position to restore the lost value. This positive feeling can contribute to the continued growth of prices, especially since market conditions are still favorable to recover.
The total total momentum of the liquid has shown a great improvement in recent days. The main technical indicators, such as MACD, reflect a shift from landing to the upward trend this week.
This change represents the end of a month’s crossover and indicates the possibility of more ascending momentum.
With the rise of the bullish momentum, it provides noise with the room needed to continue recovery. The MACD shift reflects a positive transformation in the market morale, indicating that Altcoin may be in a stronger position to move forward.
The noise price faces a barrier
The HYPE price is currently trading at $ 16.10, an increase of 14 % over the past 24 hours. Altcoin is located below the resistance level of $ 16.50, as it has already regained about half a decrease of 40 %. This price movement shows that the liquid height has great potential in the upward trend.
Looking at the current momentum, there is a possibility that the noise will violate the $ 16.50 barrier and continue its upward path. If this happens, Altcoin can move about $ 19.16, and it may reach $ 20.00 in the near future.
However, if the resistance level of $ 16.50 proves very strong, the noise may struggle to maintain its upward momentum. In this case, the price may return to $ 13.44, which nullifies the upscale expectations and that has recent gains.
Disintegration
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