Hyperliquid (hype) continues to generate strong income, collecting $ 42.53 million in fees in the last 30 days. However, despite strong foundations, momentum indicators weakened, with RSI and BBTrend both showing signs of cooling.
Hype has recently failed twice to break the main resistance to $ 19.26, putting pressure on its short -term trend. Now, the price is sitting at a critical point where it can collapse below the support or mounted of a new rally towards $ 25.
Hyperliquid (Hype) RSI falls to 42 as momentum weakens
The Hyperliquid's relatively power index (RSI) cools down sharply, lowering 42 from 60.93 yesterday.
The sudden denial of the signs that recent bullish momentum has weakened and entrepreneurs become more careful.
After reaching the excess territory earlier in the week, hype levels suggest neutral in partial oversold conditions.
RSI is an indicator of momentum that measures the speed and greatness of recent changes in the price of an asset. It ranges from 0 to 100, with readings above 70 usual signing of conditions of excessive thinking, and reading below 30 suggesting oversold conditions.
In the RSI of the hype today at 42, the token sits in a neutral zone but relies on weakness.
If the RSI continues to fall, it can open the door for more downside pressure, but if it stabilizes and bounces, the hype can recover before deeper losses.
Hyperliquid (Hype) can enter integration after Bbtrend collapse
Hyperliquid is seeing a sharp fall on its BBTrend indicator, now at 2.63, down from 12.68 five days ago. This steep denial shows that the bullish momentum seen earlier is rapidly fading.
BBtrend's readings that fall into this often reflect a major slowdown in pace, which signifies that the price can enter a stage of integration or preparation for a deeper correction.
The BBTrend, or bollinger band trend, measures how strong an asset is trending based on the width and expansion of bollinger bands.
High values of BBtrend, generally over 10, indicate strong trending conditions, while low values closer to 0 suggest a weak or sideways market. In the Bbtrend of the hype at 2.63, the current reading points on weak tremations.
If the BBTrend continues to stay low, it may mean that the price of the hype will combine or move sideways unless the new momentums are building.
Is Hyperliquid (Hype) falling below $ 16 or rally past $ 25?
Hyperliquid tried the $ 19.26 level of resistance twice over the past few days but failed at the same time. As a result, its trend now appears to be weakened, with a possible cross cross that forms soon.
If the Bearish momentum continues, the hype can drop to test the support at $ 16.82.
If the sale of pressure intensifies, a break below $ 14.66 can open the road to deeper support levels at $ 12.42 and even $ 9.32.
On the other hand, if the bullish momentum returns, the hype can mount another challenge of fighting $ 19.26.
A clear breakout at that upper level can open the path to $ 21, and if the momentum stays strong, the hype can rally at $ 25.87.
This will mark the first time to break more than $ 25 since February 21.
Refusal
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