#HIPPO _Technical Analysis_
1. _Price Status_:
• _Bollinger Band Analysis_: Price broke above the upper band at 0.00456 reaching 127%, creating a new high in the past 14 days, but the narrowing band indicates a potential reversal
• _MA200 Deviation_: 67% epic deviation, exceeding the historical extreme of May 2024 (58%)
• _Holding Cost Deviation_: 57.7% deviation suggests 97% of holding addresses are in profit, critical point of strong selling pressure
2. _Market Strength and Weakness_:
• _Volume-Price Divergence_: 24-hour volume increased by 1.64 times but failed to break the previous high of 0.0049, 8-hour candlestick shows a shooting star
• _Position Changes_: 1-hour position decreased by 0.82% alongside a price drop of 14.19%, significant distribution by main forces at high levels