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BlockBeats News, May 21 — Analyst Alicharts published an analysis of the two hottest cryptocurrencies in the recent crypto market, HYPE and ZEC.
For HYPE, Alicharts believes HYPE is approaching a key resistance level ($59–$60), and multiple indicators are also issuing warning signals. The TD Sequential has already shown a Combo 13 sell signal, and both RSI and Chande MO are at historically overbought levels, possibly experiencing a slight rally before pulling back to around $40.
On the other hand, ZEC is approaching the resistance zone ($700–$730) that triggered a major drop in November. The weekly TD Sequential has issued a sell signal. Previously, the rally from the channel bottom to the top was driven by a weekly TD buy signal. If confirmed, the pullback could be more significant, with potential support levels at $500 (first target) and $380 (deeper correction).#灰度购入超51万HYPE并质押