- After the 11 -day integration of less than $ 19.2, Hype was able to reverse the level for support.
- This escape was accompanied by weak momentum.
Hyperliquid (Hype) surpassed the fees generated by TRON (Trx) for 24 hours.
On April 26, the Hyper Clicade reported that the company produced $ 2 million in commissions compared to TRON’s $ 1.9 million for the previous 24 hours.
Their hotint activities showed a noticeable difference, helping to explain the fee gap.
Previously, retail traders have been reported to be optimistic about over -advertising. The token took a $ 17.34 re -exam, followed by a rally of $ 19.24 or more.
In the press time, the latter level served as a support and set the stage for additional profits.
Hype’s price target $ 22 or more
Source: TradingView’s Hype/USDT
Based from $ 17.34 to $ 9.29, a series of Fibonacci Retression and Extension levels are drawn.
In the last two weeks, the price of hyperclicades has been high at 23.6%, below $ 19.24.
During this integration, the volume metrics were slightly weak. The CMF fell below -0.05 and the A/D line moved sideways. But on Wednesday, the optimistic ride was suppressed in terms of volume.
The CMF on the four -hour chart surged to reach +0.28, and the A/D indicators rose significantly. But RSI has a doubt for traders.
Momentum indicators have a lower height despite the higher price compared to Tuesday. A classic Bearish divergence signal can be tested once again for $ 19.24.
Source: COINGLASS
The three-month liquidation heat map showed a cluster of liquidation level of $ 21.35- $ 22.3. The level of $ 22.3 is 61.8% fibonacci extension level, making it an attractive price goal for a swing trader.
Source: COINGLASS
The two -week liquidation Heatmap suggested that the rally to $ 22.3 may not be fast. The $ 20.4 fluid cluster is marked as a magnetic zone, but you may need to collect more liquidation levels before testing.
For comparison, the liquidity of $ 19.45 was noticeably higher than what I saw at $ 20.4 for Press Time.
Combined with the H4 Bearish Divergence, it is expected that the Hype will be integrated around $ 19.2 for the next few days before the rally.
Indemnity Clause: The information presented does not make up financial, investment, transactions, or other types of advice, and is entirely the artist’s opinion.