🥸 $HYPER Tanks Like Delisted Coins
The case of HYPER, despite being a new listing on Binance, mirrors the price behavior typically associated with coins facing delisting like $VIB and $WING .
After its launch, one would expect a surge in price driven by increased visibility and trading opportunities on such a prominent platform. However, the deep price drop of 26.03% hints at underlying challenges. This may be a result of skepticism about the project's fundamentals, broader market conditions, or aggressive selling by early holders capitalizing on the initial excitement.
The downward trend, coupled with low RSI levels and falling below key moving averages, underscores bearish sentiment. While new listings are generally seen as a positive development, HYPER’s sharp decline serves as a cautionary tale for investors to thoroughly evaluate the coin’s long-term viability rather than relying on the hype surrounding its listing.