- Crypto Whales invested $ 12.5 million in USDC and purchased a high -felicquid token.
- Traders have been excessively resolved at $ 19.68 on the long side and $ 21.50 on the short side.
During this ongoing market uncertainty, most cryptocurrency has fallen significantly and seems to be discounted.
Among them, whales identified Hyper Liquid (hype) with the ideal investment opportunity to invest millions of dollars.
Whales buy over $ 12.50 overdue tokens
Recently, the blockchain -based transaction tracker Lockonchain posted a post on X (previous Twitter). They said that Crypto Whales have invested $ 12.5 million in USDC and have purchased High Pelikid tokens for the last 48 hours.
In addition to the interests and confidence of this whale, authentic traders appear to be following the lawsuit as reported by the whole chain analysis company Coinglass.
In the press time, the intract trader, which bet on a long position, was dominant and strongly preferred the strong side.
According to the data, the $ 19.68 merchants on the long side are excessive levels. At the time of writing, a long position worth $ 39 million was opened.
On the other hand, $ 21.50 is an excessive level with an excessive level of merchants who bet on the short side, with a short position worth $ 1.2 million.
Source: COINGLASS
When combined with the recent accumulation of whales, the bulls appear to support the recovery of assets.
In addition, this real hype accumulation of whales and optimistic feelings among merchants has had a positive impact on over -advertising prices.
In the press time, HYPE has made a transaction of nearly $ 21 and has surged more than 13% over the last 24 hours.
This price increase can be caused by consistent whale purchases and optimistic price behavior.
The price behavior of the hyperklicade and the upcoming level
According to AMBCRYPTO’s technical analysis, after the recent price of 26%, Hype has reached an important support level at $ 19.80, which has a history of price reversal.
Source: TradingView
Hype’s daily chart shows that each time the price of an asset reaches this support level, it tends to experience significant purchase pressure and ascending exercise. This can explain the recent whale purchases.
Based on the historical price momentum, if hype increases the level of important support, it is likely to increase by 20% to reach $ 25.50 soon.
Average Directional Index (ADX), a technical indicator of Hype for the prestation time, represents a weak momentum strength at age 15.