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A16Z is massively selling off! $HYPE Can we still hold it?
Guys, I just saw on-chain data that A16Z is selling HYPE in batches. This signal needs attention.
News:
A16Z sold a total of 154,242 HYPE in two days, and is still transferring to exchanges today. When top institutions keep selling, regardless of the reason, it hurts market confidence. Short-term selling pressure is real.
Technical Analysis:
Current price 64.7, has broken below the MA line 67.8, indicating weakness.
Resistance above: 67.8-69.
Support below: 62, if lost, watch 60.5.
Gongming’s View:
Institutions are exiting, technical levels are broken, short-term bearish. Don’t rush to buy the dip; wait for stabilization signals.
Trading Strategy:
Conservative: Short on a rebound to the 66-67 range.
Aggressive: Short at current price 64.7-65 range.
Institutional selling won’t end in a day or two. Don’t catch a falling knife. Protect your capital, wait until it fully drops before picking up cheap chips.
#USD1链上质押享年化8.26% #特朗普披露持有超1亿美元BTCETH