The price of the distinctive, excessive liquid code has declined in the past few days, as investors get profits after the last increase. The noise code fell from a height of $ 39.92 last week to the current $ 32.5. It is still 260 % higher than its lowest level in April 9.295 dollars. Let’s explore whether the noise price has more upward trend.
The growth of liquid continues to grow
The derivative market is one of the best performance in the encryption industry. For example, Binance dealt with more than $ 10.2 billion in the last 24 hours in the immediate market, and $ 49 billion in the derivative market.
Likewise, Bybit and Bitget deal with more than $ 18 billion in the derivative market each, $ 1.9 billion and $ 2.2 billion in the futures market.
Traders love the derivatives market due to high liquidity and the ability to use financial leverage, which helps them improve returns.
While Hyperleliid helped traders earn a lot of money, history shows that some of them have lost a lot. A good example of this is John Win, a trader who lost more than a billion dollars last week.
Hyperleliid has become the largest non -decentralized exchange in the encryption industry, allowing users to trade permanent future contracts.
The data shows that Hyperleiid deals with the size of more than the known encryption exchange. It also has the largest share in the market in the permanent decentralized futures industry.
Read more: Excessive noise of noise goes live on Mainnet
according to Sand dunesThe network has dealt with more than $ 15 billion in the past 24 hours, which is much higher than many other stock exchanges. This growth has raised its cumulative size to more than $ 2.8 trillion. More than 77 billion trades have been carried out since its inception.
More data shows that the number of excessive users continued to grow as its popularity is high. It now has more than 600 users on its platform.
These numbers are much better than other permanent future contracts such as Jupiter, APX Finance, and APEX protocol.
This fluid growth has made one of the most profitable players in the encryption industry. She got more than $ 70 million as a fee in May, up from $ 43 million in the previous month and $ 39 million in March.
Technical analysis of noise prices
The daily graph shows that the noise price was in a strong boom in the past few weeks, as it moved from a decrease of $ 9.295 in April to about $ 40 in May.
A cup style and handle was formed his upper side at $ 28.40. A C & H is one of the most budget patterns in technical analysis.
The currency remained constantly higher than the average of the 60 -day and 100 days (EMA), a sign of bulls.
The noise price has declined in the past few days, moving from $ 39.9 to $ 32. This decline is part of the formation of a break and restoration pattern, which occurs when the original moves to the main support level.
Such a test is usually a bullish sign. If this happens, this means that it will decrease to 28.40 dollars and then bounce again, perhaps to $ 40, then $ 50.
The launch of post -noise prices indicates the recovery of a distinctive noise symbol first appeared on Invezz
