The Wild Rollercoaster of Hyperliquid’s HYPE: What’s Next? 🎢

by

Oh dear, Hyperliquid (HYPE)! It’s plummeting faster than my hopes of a quiet afternoon. A 16% drop in just one week? Talk about having a rough ride! Technical indicators are waving their little bearish flags, as if they just spotted a spider in the bathroom.

Momentum is about as lively as a Sunday lunch with distant relatives, with the Relative Strength Index (RSI) sinking below 40—seriously, who invited that negativity? It hasn’t shown any signs of robust buying since, oh, late March. Perhaps they all decided brunch was more enticing than buying HYPE.

Hyperliquid DMI Shows Sellers Are Clearly in Charge

According to the Directional Movement Index (DMI), the outlook is as clear as a foggy day in London. The Average Directional Index (ADX) climbed higher than my morning coffee, from 21.5 to 23.6.

Now, the ADX measures trend strength—kind of like how your grandma measures your love life (just kidding!). If the readings are below 20, it indicates a market as exciting as watching paint dry. Above 25? Now we’re talking! So, let’s keep those trend alerts close and our fingers crossed.

The +DI and -DI lines are shifting around more than people at a school dance: +DI down from 25.68 to 12.79, while -DI has jetted from 11.29 to 23.4. It’s clear, unless the +DI can pull itself together, we might be facing more frowny faces than happy bulls!

If the current dynamics continue (cue ominous music), and with the growing ADX, we could be starting a new chapter in the bear saga.

Hyperliquid RSI: A Study in Lack of Buying Momentum

In recent days, Hyperliquid’s RSI dropped from a mildly hopeful 63.03 to a rather woeful 39.39. This RSI is like the mood ring of markets, and right now it’s showing shades of gloom. Readings above 70 signify overbuying—great for sellers but terrible for those who thought they were clever!

An RSI below 30 suggests overselling—perfect, if you’ve ever wanted to sell something at a loss while crying into your ice cream. And here we are, with HYPE at a cheerful 39.39 and no sign of buyers swooping in like superheroes.

If trends continue, we might want to prepare ourselves for some sad shopping sprees.

Will Hyperliquid Drop Below $11 Soon?

Currently, HYPE finds itself at a pivotal moment—not quite as dramatic as Romeo and Juliet, but close. Predictions suggest HYPE could soon dip beneath the $11 mark, as bears are sharpening their claws for more market fun.

This aligns well with the recent drops in momentum indicators and general bearish vibes. But wait—if buyers decide to show up for the party, there’s still hope! A bounce above $12.19 could open the gates to a recovery and perhaps the fantasy of hitting $14.77.

If the bulls muster enough courage, who knows? A wild ride could lead us towards the outrageous $17.33 mark! Happy trading, and don’t forget to keep your seatbelts fastened! 😄

Read More

2025-04-05 02:18