The hyperliquidal crypto -native media threshing recently experienced a significant drop in prices of 40%. However, Altcoin shows signs of recovery.
Merchants have become more and more optimistic about changing media, much believing that he can resume the losses suffered during the recent slowdown. This renewed confidence, supported by positive market movements, aroused hopes of a price rebound.
Hyperliquid finds solid support
In the past 24 hours, the interest open for hyperliquids increased by $ 44 million, bringing the total to $ 428 million. This increase follows a recent increase in the price, which added momentum to the recovery in progress.
The growth of open interest suggests that traders become more confident in the potential of the beaten media for an increase in prices. This influx of interest has fueled optimism among investors and traders, many considering this as an increasingly increasing sign.
Consequently, there is a feeling of renewed enthusiasm among media threshing enthusiasts, who believe that Altcoin is well positioned to recover the lost value. This positive feeling could contribute to continuous prices growth, especially since market conditions remain favorable to a recovery.
The global macro impetus of hyperliquid has shown significant improvement in recent days. Key technical indicators, such as the divergence of mobile average convergence (MacD), reflect a transition from a downward trend to an upward trend this week.
This change marks the end of a one month’s lower crossroads and signals the potential of a more ascending momentum.
As the bullish momentum increases, it provides media threshing with the part necessary to continue its recovery. Change in the MacD reflects a positive change in the feeling of the market, which suggests that Altcoin can be in a stronger position in the future.
Hype Price Face Barrière
The price of Hype is currently negotiated at $ 16.10, up 14% in the last 24 hours. Altcoin is a little less resistance level of $ 16.50, after having already recovered approximately half of its recent drop by 40%. This price movement shows that hyperliquid has a significant increase in potential.
Given the current momentum, the mid -mindedness may violate the barrier of $ 16.50 and will continue its ascending trajectory. If this happens, Altcoin could go around $ 19.16, potentially reaching $ 20.00 in the near future.
However, if the level of resistance of $ 16.50 is too strong, the beaten media may have trouble maintaining its momentum upwards. In this case, the price could fall to $ 13.44, invalidating upward perspectives and erasing recent gains.
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