๐ก Quick technical analysis:
โ Previous rocket rise! HYPER reached a peak at 0.6899 after an amazing launch from 0.1087, before entering a natural correction down to 0.4554.
โ RSI at only 28.18! This means that the currency is now in the oversold area โ levels that often form potential reversal points.
โ Bearish momentum is slowing down! The MACD indicator shows the beginning of a fade in negative momentum, with the possibility of a positive crossover in the coming hours.
โ Strong support at 0.4475 (lowest price in the last 24 hours), and stability above it keeps the possibility of a strong rebound alive.
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๐ Expected scenario:
๐ผ In the event of a bullish rebound, the first resistance will be around $0.50, then $0.575, and if surpassed, we may retest $0.6899 again.
๐ฝ If 0.4475 is broken, we may see further correction towards the $0.39 - $0.41 area, which could form a new launch base.
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๐ข Analyst's opinion:
HYPER has shown fiery performance before, and the current correction is healthy within the market cycle. The indicators now suggest a near reversal, making the current phase ideal for close monitoring or gradual entry.
๐ฅ Tip: Don't chase the peaks, but also don't overlook opportunities! Wait for a confirmation signal from the price or indicators before making a decision.
๐ Will the next wave be stronger? The decision is now in your hands! โจ