Pantera bullish! $HYPE Can it break 70?



Fellow traders, top institution Pantera released a blockbuster research report today, directly stating that the HYPE platform has 5x revenue potential, with annual revenue reaching $3.7 billion.

News:
Pantera provided specific calculation logic: global daily forex derivatives trading volume is $8 trillion, commodities $2 trillion, options and leveraged ETFs approximately $200 billion — if a single-digit share is captured in these three markets combined, revenue can increase 5x.

But Pantera also pointed out the biggest risk: regulation. Perpetual contracts are not fully open in the US. If compliant platforms enter the market in the future, some users may leave.

Technicals:
Current price 68.1, hugging the BOLL upper band at 68.5, RSI1 67.06 near overbought.
MACD histogram has turned negative, fast and slow lines showing death cross signals.
Resistance above: 68.5-70.0, break above targets 72.
Support below: 67.5, strong support 66.5.
Gongming's view: Institutional endorsement is a long-term positive, but the short-term technicals show a death cross signal. Chasing highs could trap you. Better to wait for a pullback.

Strategy:
Conservative: wait for a pullback to the 66.5-67 area and go long with light position.
Aggressive: go long from current price near 68.
Institutions being bullish doesn't mean the market will buy immediately. Waiting for a pullback is a good habit.
#预测世界杯法国VS摩洛哥 #GUSD年化升至3.8%
HYPE-0.23%
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