Altcoins News
By James Thorp
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Market Sentiment and Bearish Momentum. Since mid-February, HYPE’s market structure has been predominantly bearish, especially after the…
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Short-Term Rebound Potential. Although the medium to long-term outlook for HYPE remains bearish, there is potential for a…
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Breaking the Bearish Trend. For HYPE to break the current bearish trend and set the stage for a sustained rally, it would need…
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Hyperliquid (HYPE) has been experiencing significant bearish momentum in March, with the price falling below key support levels and showing little signs of an immediate recovery.
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Since mid-February, HYPE’s market structure has been predominantly bearish, especially after the asset lost the $22.2 level, which had previously acted as support.
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A key indicator of the ongoing bearish sentiment is the On-Balance Volume (OBV) chart. The OBV has been in a freefall, reflecting high selling volume and confirming that the…
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The most recent reaction from HYPE’s price came when it tested the $12 support level, which had been briefly tested in December.
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However, this potential bounce is expected to be fleeting. Given the prevailing bearish sentiment and the overall market structure, any price increase to the $14.
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For HYPE to break the current bearish trend and set the stage for a sustained rally, it would need to reclaim key resistance levels. The $21.5 and $24.
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In conclusion, while a short-term bounce toward the $14.8-$15 range is likely due to liquidation levels, HYPE’s overall market structure remains bearish.
The Currency Analytics
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