Next-generation DEX platforms were an expected trend following the FTX crash, and Hyperliquid had an early presence there. Firsts always have their place in crypto, which is why HYPE Coin experienced an unprecedented rise last year. However, it was affected by the time of token lock openings and the general market decline. TraderSZ says the decline is over now.
Hyperliquid (HYPE)
HYPE Coin It was an altcoin that was scrambled for $35 last year, but excessive sales in the last quarter caused the conditions to change. The new generation DEX platform, which has bottomed out, is still among the most profitable protocols and still has a significant number of active users. DeFi Those whose protocols make regular and good profits are advantageous because they can attract constant demand for their tokens, even though they may experience fluctuations.
Since Hyperliquid also generates constant income and will achieve more profits as the volume in the markets recovers, a significant portion of investors see its low price as an opportunity. With the chart he shared today, TraderSZ wrote that the resistance line, which has not been overcome for a long time, is now about to be broken.
The chart aboveHYPE Coin Sharing the headline with the headline “it’s time for”, the analyst expects a rapid recovery of $35.73 after $26.3 and $29.79. As long as $23.86 is maintained as support, the outlook for HYPE Coin is positive.
Of course, TraderSZ only shares his prediction and does not have extraordinary powers such as seeing the future. Since the bullish assumption here is based on technical analysis readings, investors should not copy this strategy exactly and create their strategies by doing their own research.
Bitcoin (BTC)
Analyst nicknamed Columbus Bitcoin He thinks that those who expect big declines will be disappointed. The analyst explained the scenario he expected by sharing a chart and believes that we will see a larger rise after a small retreat.
“We are now expecting a small pullback – maybe another 1-2k – after another rally, I will start to expect a more meaningful pullback.
“Overall, we still expect an increase.”
Pointing to $98,365, Ali Martinez drew attention to the importance of the investor cost point. Many analysts are focused on the same levels because investor cost often underlies price movements. If this level is gained, it will form the basis for strong upward movements from 2023 to today. BTC It will start a big rally.
