Hyperliquid (HYPE) Surges 12%: Future Gains or Bull Trap?
- Market Rebound: Following the peace deal between the U.S. and Iran, nearly 100 cryptocurrencies have surged in the last 24 hours, with Hyperliquid (HYPE) leading the charge with a 12% price increase, reflecting improved market sentiment and investor optimism.
- Price Volatility: HYPE previously hit an all-time high of around $75 in early June but fell to approximately $53 due to bearish market conditions; currently trading at around $68, this represents a 28% increase from its local bottom, with a market cap exceeding $15 billion, re-entering the top 10 in crypto.
- Technical Analysis: Despite the recent price surge, analysts warn of potential pullbacks as a head-and-shoulders pattern has formed, indicating a possible downturn; the key resistance level is at $65, and a drop below $54 could trigger a significant correction down to $40.
- Investor Behavior: Over the past three days, HYPE has seen increased exchange netflow, with investors moving some holdings from self-custody to centralized platforms, resulting in outflows exceeding inflows, which heightens immediate selling pressure and could impact price stability.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for DOGE
Technical Sentiment Analysis for Dogecoin (DOGE). As of , Dogecoin (DOGE) 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 DOGE 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, DOGE 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 $-.
Dogecoin (DOGE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0635 | 0.0706 | 0.0783 | 0.0854 | 0.0931 | 0.1 | 0.108 |
| Fibonacci | 0.0706 | 0.0762 | 0.0797 | 0.0854 | 0.091 | 0.0945 | 0.1 |
About DOGE
About the author
