$HIPPO Market Watch – Bulls Take a Breather After Liquidation!
Long Liquidation: $1.13K at $0.00195 — HIPPO saw a notable shakeout in long positions, hinting at short-term weakness as traders locked in profits near a local peak.
Technical Picture:
HIPPO slipped after failing to break above its resistance zone at $0.0020–$0.0021. The coin now hovers close to a key support area around $0.00185, which has previously acted as a strong demand zone.
Market Trend:
Despite the pullback, momentum remains moderately bullish as long as HIPPO stays above $0.0018. A solid bounce from this region could reignite upward momentum, with targets around $0.00205–$0.00215.
Trading Plan:
Buy Range: $0.00185 – $0.00190
Target Range: $0.00205 – $0.00215
Stop-Loss: Below $0.00178
Analyst’s Take:
This liquidation may serve as a healthy reset for HIPPO, clearing out overleveraged positions and paving the way for a potential rebound. Watch for a strong close above $0.0020 — that could be the signal for the next bullish wave.
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