š” Quick technical analysis:
ā Strong price explosion!
HYPER jumped from a low of $0.1108 to $0.6899 in just 24 hours ā a fiery rise of over 500%! This reflects a huge liquidity influx and unusual buying interest. Currently, the price is at $0.6059 with an increase of +7.95%.
ā RSI is positive but cautious!
The Relative Strength Index (RSI) is at 62.96 ā close to the overbought area, but still gives room for further rise before a major correction.
ā MACD is in a potential reversal phase!
The MACD shows a near crossover between the signal line and the trend line, and if completed, this could be a new launch signal towards the previous peak at $0.6899 or even an attempt to break it!
ā Clear support level!
The price strongly rebounded from near the $0.4641 level, reinforcing this level as important support in case of any pullback.
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š Expected scenario:
š¼ If HYPER manages to break the $0.6899 level, we may see an acceleration towards $0.72 ā $0.75!
š½ In case of a downward rebound, support at $0.4641 will be critical ā breaking it could push the price towards $0.33.
š„ Is HYPER ready to explode?!
With this strong momentum and indicators leaning positive, the currency is at a critical stage ā any strong green candle coming could mean a launch towards new numbers!
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š§ Important tips:
1. š Set stop-loss points, especially below $0.4641
2. š Watch the MACD and RSI indicators ā the appearance of strong overbought conditions may signal a correction.
3. š Don't forget to manage your capital ā don't risk more than you can afford to lose.
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š¢ Share your opinion!
Do you see HYPER launching above $0.70 soon? Or do you expect a correction before taking off? šš
