Bitcoin $110,781.07After the (BTC) reached a new summit by approaching 112 thousand dollars, investors turned their eyes to Altcoin Hyperliquid (Hype). Hype, over $ 30, has caught a remarkable acceleration by creating higher bottoms and hills in a row in recent days. Technical indicators and market behaviors indicate that this rise can continue. If this movement continues altcoin‘s price is expected to exceed $ 35, the highest level of all time within 48 hours.
Hype Coin attracts strong attention from investors
Hyperliquid The price of around 25 dollars for a long time after the horizontal movement made a harsh break and managed to exceed the level of $ 30. This break attracted the attention of both whales and famous names on social media. Hype suddenly became one of the most talked about Altcoins on the market. The rapid increase in investor interest has naturally created a “Fomo” effect among individual investors. However, the fact that large wallets increase their positions Hype Coinshows that trust is high.
Parallel to the price rise, Altcoin’s open -position value in the futures market has broken a record by exceeding $ 1.1 billion. This shows that there is a new money introduction to the market and that investors take positions at Hype with the expectation of rise. The rise of open positions confirms that the market is extremely active in Altcoin and the liquidity is strong. Such structures often indicate that the trend will continue.
Technical indicators promise more for Altcoin
Hype The price continues to test the level of $ 29.64, which corresponds to 0.786 percent of Fibonacci withdrawal levels. The fact that daily closing is above this level will mean that the rise is technically approved. Relative power index (RSI) While moving towards the extreme purchase zone, Directional movement index (DMI) also shows positive incompatibility. Average direction index (ADX) indicates that a strong trend is at the door.
The combination of all these technical signals shows that HYPE can reach the $ 35 summit by maintaining the current acceleration. If this level is exceeded, it will not be surprising that the price will rise to the price discovery stage and rise up to $ 42.15 at 1.2 percent Fibonacci level. This can make Hype one of the most talked about Altcoins in the short term.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
