Is Hyperliquid the Crypto Equivalent of a Sad Puppy? 🐶💔

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So, here we are, folks! Hyperliquid (HYPE) has decided to take a little dip—like, a three-month low kind of dip. You’d think with all those millions rolling in, it would be throwing a party, but nope! It’s down over 8% in the last 24 hours and a whopping 24% in the past week. Talk about a party pooper! 🎉

Despite being one of the most profitable platforms in the crypto universe, HYPE is currently playing hide and seek with its price. It’s like that friend who’s always late to the party but shows up with the best snacks. Sure, the revenue is outpacing Solana, Ethereum, and Raydium, but the price? Not so much. If HYPE can just break that pesky resistance at $14.65, we might see it rally like it’s on a caffeine high—aiming for $20 or even $25.87! But if it doesn’t get its act together, we might be looking at a sad little price below $12. 😢

Now, let’s talk about the RSI (Relative Strength Index)—currently sitting at a cozy 32.59. It’s been neutral since March 4, which is basically code for “I’m not feeling great, but I’m not totally out of the game.” There are whispers of suspicious high-leverage trades, which is just a fancy way of saying, “Hey, is someone trying to launder money here?” 🕵️‍♀️

The RSI is like that friend who tells you when you’re overdoing it at the buffet. If it’s above 70, you’re overbought; below 30, you’re oversold. HYPE’s been hanging out below 50 for nine days now, which is like being stuck in a never-ending Netflix binge of a show you don’t even like. If it can just get its act together and cross above 50, we might see a recovery. Until then, it’s like watching paint dry. 🥱

And let’s not forget about the BBTrend, which is currently at a delightful -16.69. It’s been negative since March 5, which is just a fancy way of saying, “Things are not looking good, my friend.” If it stays below -10 for much longer, we might as well start planning a funeral for HYPE’s price. But hey, if it starts moving toward 0, we might just see a glimmer of hope! 🌈

So, can HYPE reclaim that elusive $20 in March? Right now, it’s trading at its lowest since December 2024, and the EMA lines are signaling a strong bearish sentiment. If it keeps this up, we might see it drop below $12, which would be a real tragedy. But wait! There’s a silver lining—Hyperliquid’s revenue has surged past $11 million in the last week! 🎊

If momentum returns, HYPE could test that $14.65 resistance, and who knows? We might just see it push past $20, maybe even $21 or $25.87! But for now, it’s a rollercoaster ride of emotions. Buckle up! 🎢

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2025-03-13 02:17