The hyperliquid (hype) has increased an 18% increase in value in the last 24 hours. Despite the wider consolidation of the market during last week, the price of Hype continued to climb, increasing by 10% during this period.
With the demand for strengthening Altcoin and a potential increase above the price of $ 25 on the horizon, a momentum upwards of all time of the token could be triggered. Here’s how.
Hyperliquidal request rockets
An assessment of key to media momentum indicators on the daily graph reflects the growing demand for Altcoin. For example, at the time of writing this article, the hype price rests above the green line of its super trend indicator, which forms a dynamic support at $ 19.27.
This indicator helps traders to identify market management by placing a line above or below the price table depending on the volatility of the assets. As with media threshing, when the prices of an asset are negotiated above the super trend line, it indicates an upward trend, indicating that the market is in an upward trend and that the purchase pressure is dominant.
In addition, the Hype’s growing relative force index (RSI) reflects the biased bias towards him. At the time of the press, the RSI is 55.42 and in an upward trend.
The RSI indicator measures the conditions of occurrence and surface of the market of an asset. It varies between 0 and 100, with values above 70 indicating that the asset is exaggerated and can witness a correction. Conversely, the values less than 30 indicate that it is argued and due for a rebound.
At 55.42 and in an upward trend, the Hype RSI indicates that the asset is gaining momentum, with more purchase pressure than sales. This suggests that the market moves towards a bullish trend as the price continues to increase.
PRODUCTION OF MEDIATIC PRICES: the level of $ 25 will decide on the next movement
A sustained increase trend will increase the price of hype above the critical zone of $ 25. A successful violation of this level of key resistance could propel the price of the token beyond $ 29.33 and to its $ 35.17 summit.
However, if the current wedge trend and sales overlap, the price of the media could fall to $ 22.81.
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