⚡️ The weekend is coming to an end, and we continue to look at altcoins ahead of the new week!
Hype is an interesting token that literally rose from the ashes and is one of the few that updated its ATH on this momentum. But the question remains: should we expect an ATH reset or will we see a correction?
Let's figure it out!
📊 Technical Analysis:
Hype continues to move in an upward momentum. It has not yet encountered any major corrections and has not even tested its sloping support. Locally, the token has now shown a Lower High and is likely to go lower without encountering sufficient buyer interest.
In addition, there is a small GAP below us in the range of 32-27. And as we know, 99% of GAPs close sooner or later.
⚙️ Metrics and indicators:
Volume - purchase volumes are decreasing, gradually forming a divergence, while sales volumes are growing. This indicates that many are now fixing their profits at these levels.
Money Flow - is in a neutral state. Positions are being fixed, and no fresh liquidity is currently observed in the asset.
DSRZ - we see the first major support level at 29-27. This is just below the GAP level. The next major support level is at 20-17.
At current prices, there is virtually no interest in trading in the market.
Liquidity Depth - there is currently significantly more liquidity in longs than in shorts. And the price tends to move from one liquidity zone to another, with liquidity serving as fuel for price movement.
📌 Conclusion:
HYPE is clearly overheated right now. It is one of the most overheated assets on the market. And when a real correction begins on the market, it will be one of the first to fall. Since it is currently holding at the ATH level, profit-taking has not really begun yet. Many expect it to continue.
I don't really expect us to see a new ATH, even if Bitcoin updates its own.
Right now, everything points to HYPE awaiting a correction. In particular, due to a lack of liquidity, as summer is approaching, which is traditionally a quiet period.
💡 Personally, I expect the GAP to close and the first support point to be reached. There will be high buyer demand and we may see a short squeeze to shake out early short sellers.
Have a great week, everyone!
Hype is an interesting token that literally rose from the ashes and is one of the few that updated its ATH on this momentum. But the question remains: should we expect an ATH reset or will we see a correction?
Let's figure it out!
📊 Technical Analysis:
Hype continues to move in an upward momentum. It has not yet encountered any major corrections and has not even tested its sloping support. Locally, the token has now shown a Lower High and is likely to go lower without encountering sufficient buyer interest.
In addition, there is a small GAP below us in the range of 32-27. And as we know, 99% of GAPs close sooner or later.
⚙️ Metrics and indicators:
Volume - purchase volumes are decreasing, gradually forming a divergence, while sales volumes are growing. This indicates that many are now fixing their profits at these levels.
Money Flow - is in a neutral state. Positions are being fixed, and no fresh liquidity is currently observed in the asset.
DSRZ - we see the first major support level at 29-27. This is just below the GAP level. The next major support level is at 20-17.
At current prices, there is virtually no interest in trading in the market.
Liquidity Depth - there is currently significantly more liquidity in longs than in shorts. And the price tends to move from one liquidity zone to another, with liquidity serving as fuel for price movement.
📌 Conclusion:
HYPE is clearly overheated right now. It is one of the most overheated assets on the market. And when a real correction begins on the market, it will be one of the first to fall. Since it is currently holding at the ATH level, profit-taking has not really begun yet. Many expect it to continue.
I don't really expect us to see a new ATH, even if Bitcoin updates its own.
Right now, everything points to HYPE awaiting a correction. In particular, due to a lack of liquidity, as summer is approaching, which is traditionally a quiet period.
💡 Personally, I expect the GAP to close and the first support point to be reached. There will be high buyer demand and we may see a short squeeze to shake out early short sellers.
Have a great week, everyone!
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。