Particularly its popularity on social media and its tendency to show high volatility increased interest in HYPE Coin. Periodically, some altcoins come to the fore in this way and bring good profits to investors. But this doesn’t last forever. This was also the case for HYPE Coin, although it lingered in the ATH region for a long time. So, what does Efloud, who knows the rise, say about the latest situation?
Hyperliquid (HYPE)
It takes the DeFi experience to a whole new level in many aspects. From HYPE Coin Efloud, who praised it, mentioned the risk of correction. Then his rival Aster came on stage and attracted a lot of attention with the support of CZ. It even managed to beat its rival in app revenue. This naturally caused a decline in the HYPE price.
Efloud shared the chart below in his evaluation today and aims to succeed at the $42 level as support.
“The loss of the blue box and the channel will not be a positive sign in general. If there is a sharp correction throughout the market, as I mentioned before, the $28 region is the part where my alarms are active.” – Efloud
This is social media support altcoin This means that a recovery in overall market sentiment and an increase in volume could trigger a rapid reversal. The middle area of the channel is resistance, but exceeding the area is strong enough to attract buyers with a greater appetite for the top.
Solana (SOL) ETF Target
on friday SOL Coin ETF Confirmation may come and it’s only hours away. It is a matter of curiosity which will be the first spot altcoin ETF after Ether. If we ask corporates, the biggest entry in the yearbook is Solana, followed by Ripple 
$2.87to. So they are very confident that these two can get ETF approval.
Lark Davis shared his current price prediction and pointed to $425. If the ETF is approved and there is a delayed rise like the others, this target can be achieved before the end of the year.
“LEFTcreates a cup and handle formation on the monthly chart. The 1.618 Fib target is near $425.
Monthly MACD also forms a golden cross. “With Solana ETF approval on the horizon, things could get interesting quickly if this formation plays out.”
Fed minutes will be published in a few minutes and volatility is expected to increase.
