The cryptocurrency world is like a wild party without a script, and the whales are the mysterious DJs who can switch the music tempo at any time. When they move, the entire venue has to sway with them! Recently, the cryptocurrency HYPE has become the most eye-catching 'highlight' at the party due to the frequent actions of the whales. Everyone is guessing whether this wave of market activity will dissipate like fireworks after a brilliant display or whether it will soar to create a new legend in the crypto world. Today, let's have a good chat about it.
Whales 'make their move,' market sentiment 'heats up.'
Recently, the funding situation in the cryptocurrency world has been lively, with whales acting like generous big investors, crazily 'scooping up' HYPE. On September 9th, a certain whale spent $10.8 million and $11.3 million to increase its holdings in HYPE, which was like dropping a 'deep-water bomb' in the crypto market. Once the news spread, the entire market boiled over, with a large amount of capital rushing towards HYPE like sharks smelling blood.
From the emotional perspective, the attention of investors towards HYPE has skyrocketed. On social media, discussions about HYPE are overwhelming, with everyone excitedly discussing how high this wave can go. This enthusiastic atmosphere is like giving the market a shot of adrenaline, boosting the confidence of bulls, making them feel HYPE could soar at any moment. Therefore, based on the current situation, the overall probability of the market rising today is very high, and the bulls are ready to take action.
Personal opinion: HYPE is "confident", the rise is not "reckless".
Why do I think HYPE's rise this time has potential? This needs to be viewed from both technical and fundamental aspects.
Let's first talk about the technical side. Although HYPE is a bit overbought in the short term, with the RSI soaring to 88.81, normally it should correct and take a break. However, there are several key support levels below, like a thick "safety cushion" for the price. A 52.6% retracement support, a 49.7% watershed, and a 46.5% support level act like solid fortresses. Even if the price drops, it won't easily break through. Moreover, the MA(5) and MA(10) moving averages are still in a bullish arrangement, like two warriors fighting side by side, escorting the price upwards.
Looking at the fundamentals, whales are not the kind of "short-term traders" that only seek temporary excitement. They have moved HYPE to HyperEVM and engaged in liquidity staking, which shows they genuinely see long-term value in HYPE and plan to settle here for the long term. This behavior of whales is like giving HYPE a shot of "strong medicine", attracting more follow-up funds and providing continuous momentum for HYPE's price. Therefore, from the combined perspective of technical and fundamental analysis, HYPE's rise this time is not "reckless", but has solid support.
Short-term trading strategy: Follow the support and resistance, guaranteed profit with insight.
Support levels: 49.7% and 46.5% are key.
The 49.7% watershed is like the "frontline" of a battle. When the price retraces here, we need to keep our eyes peeled. If it can stabilize at this level, and the trading volume also increases, it indicates that the bulls have taken a firm stand here, and we can buy in with a small position, charging alongside the bulls. If the price unfortunately drops below 49.7%, don't panic; as long as it can hold at the 46.5% "base camp", it can still be bought, but at this point, we need to be even more cautious, controlling the position well and not shooting all our "bullets" out.
Resistance level: New high, currently has reached a new high, above is the vast sea of stars.
Practical investment advice: Stop-loss and take-profit are the "lifelines".
Short-term trading is like dancing on the edge of a knife, the risk is significant. So we must set stop-loss and take-profit properly. The stop-loss can be set below 46.0, and once the price drops below this level, it is like the defense line on the battlefield being breached, indicating that the short-term trend may have reversed, and we should quickly stop-loss and exit to avoid further losses. The take-profit can be flexibly set based on one's risk tolerance and market conditions. When the price reaches the expected target or shows clear signs of peaking, decisively take profits, don't be greedy, taking profit is the way to go.
The suspense is left to you, let's explore the mysteries of the crypto world together.
This wave of HYPE's market is like a wonderful play, just beginning to unfold. Although I analyze it has great potential for growth, in the crypto world, nothing is certain. You never know when a whale might make a new move, or when an unexpected black swan event might occur, causing the market to make a 180-degree turn.
Dear friends in the crypto world, what do you think HYPE will do next? Will it continue to soar, or will it "flip" halfway? Feel free to leave comments and discuss, let's explore the mysteries of the crypto world together, and your viewpoint might just become the next "divine prediction"! Don't forget to follow me, as there will be more exciting crypto analysis and exclusive insights waiting for you! #AI板块表现突出
