Over the past 24 hours, Hyperlikvid (excitement) has observed 18% increase in cost. Despite the wider market consolidation over the past week, the price of HYPE continued to grow, grew 10% during this period.
With increasing demand for altcoin and potential growth above the price of $ 25 on the horizon, an upward impulse to the record maximum of token can be caused. That’s how.
Hyperlikvid Demand for rockets
The assessment of the key indicators of the HYPE pulse in the daily diagram reflects the growing demand for Altcoin. For example, at the time of writing this article, the price of HYPE is above the green line of its Super Trend indicator, which forms dynamic support of $ 19.27.
This indicator helps traders determine the market direction by placing a line higher or below the price table based on asset volatility. As in the case of the noise, when the price of the asset is traded above the super -trend line, it signals a bull tendency, indicating that the market is in an ascending trend, and the purchase pressure dominates.
In addition, the HYPE (RSI) ascendive force index reflects a bull -dedication to it. During the Press, RSI is 55.42 and in an upward trend.
The RSI indicator measures the resold and overwhelmed market conditions of the asset. It ranges from 0 to 100, and the values of more than 70 indicate that the asset is overdue and the correction may be attested. Conversely, the values below 30 indicate that they are resold and are subject to rebound.
In 55.42 and in the rising trend, RSI Hype indicates that the asset is gaining momentum, with high pressure pressure than sales. This suggests that the market goes to a bull trend, since the price continues to grow.
The forecast of the price of the hype: the level of $ 25 will determine the next move
A stable upward trend will raise the price of HYPE above the critical zone of $ 25. A successful violation of this key level of resistance can increase the price of token for $ 29.33 to its record maximum of $ 35.17.
However, if the current trend delays and resumes sales, the price of HYPE can fall to $ 22.81.
