Hyperliquid Founder Addresses Revenue Doubts in Response to FUD Claims
Hyperliquid's Revenue Allegations: Founder Jeff Yan refuted claims of prioritizing revenue over user benefits, emphasizing that the Auto-Deleveraging (ADL) system generated significant profits for users while minimizing protocol risks.
Transparency in DeFi vs. Centralized Exchanges: The incident raised concerns about transparency in decentralized finance (DeFi) compared to centralized exchanges, influencing market sentiment and highlighting the need for user-centric operations in the crypto sector.
Market Impact and Community Support: Following the incident, Hyperliquid experienced a notable market recovery, with over $19 billion in liquidations, while community support for transparency in DeFi practices grew, reflecting confidence in Hyperliquid's protocol.
Ongoing Scrutiny and Future Monitoring: Analysts suggest that the recent liquidation events will continue to spark discussions on transparency in DeFi, urging ongoing monitoring of protocol resilience and user profitability trends in the evolving crypto landscape.
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Technical Analysis for DEFI
Technical Sentiment Analysis for DeFi (DEFI). As of , DeFi (DEFI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for DEFI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, DEFI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
DeFi (DEFI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000216 | 0.000222 | 0.000228 | 0.000234 | 0.000239 | 0.000245 | 0.000251 |
| Fibonacci | 0.000222 | 0.000226 | 0.000229 | 0.000234 | 0.000238 | 0.000241 | 0.000245 |
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