After a single-day surge of 900% for $HYPER , what will happen next?
$HYPER surged 900% in a single day, directly dominating the crypto market, and the airdrop enthusiasts are ecstatic, becoming rich overnight!
Looking at the 1-hour chart, it previously peaked at 45.8 and has now dropped to 40.363, down nearly 4%, clearly indicating profit-taking and a pullback. The KDJ is oversold, with the J value at only 2.4, so a short-term rebound may be expected.
However, the MACD is still under water in negative territory, with the DIF at -0.682, confirming that the bearish trend has not ended, and the trading volume has also significantly decreased, with VOL at only 18k, which is much lower than the MA moving average.
Today, it's highly likely that it will continue to test the bottom, focusing on the support level at 38. If it holds, you might be able to pick up some bargains; if it breaks, be cautious of a panic sell-off.
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