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๐๐๐๐ ๐๐๐๐ ๐ ๐๐๐๐๐๐ ๐ ๐๐๐๐๐๐๐ ๐๐๐๐๐๐ ๐ ๐๐ ๐๐๐๐๐๐๐๐ ๐จ๐ฅ
$HYPE just printed a new ATH and delivered a powerful +48% move, showing strong momentum across the market.
Why this matters:
๐ถ Hyperliquid often moves before the broader altcoin market
๐ถ Strong first movers usually signal capital rotation into alts
๐ถ Momentum is building and risk appetite is increasing
๐ถ MayโJune could become very interesting for altcoins
But there are some warning signs too:
โ ๏ธ Price is heavily extended from the 21-Daily MA
โ ๏ธ RSI pushed above 75 for the first time since May 2025
โ ๏ธ Short-term cooling or consolidation would be normal
The interesting part?
Price dipped below the critical $33 region, but never closed under it. That fake breakdown turned into a strong bullish reversal and price exploded afterward.
Key zones now:
๐ Bullish continuation: Lower $40s area
๐ Stronger correction target: ~$39 region
๐ Trend remains strong while higher lows continue holding
๐ง๐ฟ๐ฎ๐ฑ๐ถ๐ป๐ด ๐๐ฒ๐ถ๐ด๐ต๐๐ ๐ฉ๐ฒ๐ฟ๐ฑ๐ถ๐ฐ๐:
$HYPE currently looks like a market leader. If the leader keeps running, many altcoins could start following. Momentum is strong, but chasing vertical candles carries risk.
Question for you ๐
Which altcoin do you think follows $HYPE next? ๐ฅ
#GqteSquareMayTradingShare