HYPE shows an impressive performance again with an almost 9% increase and is traded around 73,823. The bullish trend appears very strong after the price successfully surged from around 38,151 in recent weeks. The MA5 position is above the MA10 and MA30, indicating that buyer dominance remains intact and the upward momentum has not lost strength. Although it briefly touched the 74,291 level, the price still stays near the high area, showing that buying interest remains high. The MACD indicator is also in the positive zone, confirming the ongoing upward trend. However, traders should watch out for potential profit-taking after the long rally. If it can break through 74,300, HYPE has the potential to continue rising toward the next resistance area. As long as the support at 67,000 remains maintained, the bullish outlook remains very dominant.


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$HYPE
HYPE3.64%
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