HYPE’s $41 Stalemate: Will It Ever Break Free?

Although the asset was able to rise from below-$30 levels earlier this year, the current structure indicates that the rally is weakening rather than picking up speed. It’s as if the market is saying, “We’re done. Go home. There’s no treasure here.” The most obvious problem at the moment is decreasing volume, which is continuously going down as the price tries to rise. Volume, the lifeblood of any market, is now a ghost haunting a ghost.




