- After lounging for a most ungentlemanly 11 days beneath the social ceiling of $19.2, HYPE—rather like a bored dandy—decided at last to make the leap and assume the position of support. Scandalous, really.
- The breakout, that most theatrical of market phenomena, brought along a bearish momentum divergence—imagine ascending the social ladder but forgetting your reputation at the bottom. Tragic, yet deliciously ironic.
Picture, if you will, Hyperliquid [HYPE] vaulting over TRON [TRX] in a 24-hour fee-earning chase, like a nouveau riche at a country estate auction.
On April 26th, whispers in the drawing rooms spoke of HYPE casually raking in $2 million in fees while TRON, all dignity and no dividends, settled for a paltry $1.9 million. The difference, dear reader, as obvious as champagne versus sparkling apple juice—or on-chain activity, as the crypto set calls it. 🥂
Meanwhile, the retail class—never ones to miss a trend or a good party—grew bullish on HYPE, prompting a polite retest of $17.34 before a florid promenade beyond $19.24. How very upwardly mobile!
At the time of this writing (or, as my publisher insists: “press time”), $19.24 serves as HYPE’s drawing room, holding court while plotting its next conquest. Will there be further gains? Only the most delicious drama could ensue…
HYPE’s price target beyond $22—A Fantasy Worthy of Wilde
Taking the ignominious tumble from $17.34 to $9.29 as a starting point (we’ve all had worse weekends), the chart artisans have scribbled Fibonacci retracement and extension levels in hopes of discerning the future. Fortune-tellers would be proud.
For weeks, HYPE languished below the $19.24 mark—a number so thoroughly 23.6% extension one wonders if Fibonacci was paid by the decimal.
Volumes turned faintly bearish; the CMF dipped below -0.05, the A/D line went for a stroll to nowhere. But Wednesday came, and with it, a bullish breakout—dispelling volume-related ennui, if not existential dread.
The CMF on the 4-hour chart soared to +0.28 (a number that means something to someone), and the A/D indicator swaggered. Yet, the RSI, ever the party pooper, threw doubt into this revelry.
The great momentum indicator—picture a Victorian governess—made a lower high, though the price twirled into a higher one. One has to admire the social daring! A bearish divergence, which could mean a return engagement with the $19.24 support. Drama, always drama. 👀
Gaze upon the 3-month liquidation heatmap—a veritable masquerade ball at $21.35-$22.3. The $22.3 mark stands serenely at the 61.8% Fibonacci extension, drawing swing traders like moths to a mathematically illuminated flame.
The more coy 2-week liquidation heatmap warns: a rally toward $22.3 is less a waltz and more the slow crawl to the punch bowl. Liquidity at $20.4 feels magnetic—though likely needs a few more wallflowers before the dance really begins.
Meanwhile, the liquidity at $19.45 is rather more robust (one might say “plump”), compared to the slim pickings of $20.4. Combined with the H4 bearish divergence, we’re in for a few more days of polite idling around $19.2 before the market’s next bout of melodrama. 🍸
Read More
- Does Oblivion Remastered have mod support?
- Thunderbolts: Marvel’s Next Box Office Disaster?
- DC: Dark Legion The Bleed & Hypertime Tracker Schedule
- Clair Obscur: Expedition 33 – All Act 3 optional bosses and where to find them
- 30 Best Couple/Wife Swap Movies You Need to See
- Elder Scrolls Oblivion: Best Bow Build
- Elder Scrolls Oblivion: Best Healer Build
- Everything We Know About DOCTOR WHO Season 2
- Elder Scrolls Oblivion Remastered: Best Paladin Build
- To Be Hero X: Everything You Need To Know About The Upcoming Anime
2025-05-01 21:15