Ah, the saga of HYPE continues! Another record shattered this week, but how high can this balloon float before it pops? 🎈
Key Support levels: $41, $37
Key Resistance levels: $46, $50
1. New Record Price
Like a ravenous beast, the appetite for HYPE is insatiable! Just yesterday, it soared to a new record of $46 per coin, mere days after flirting with its previous high of $44. Buyers are on a mission to breach the $50 mark, which, spoiler alert, is also a formidable resistance. 🏔️
2. Uptrend Continues
With a higher high confirmed, HYPE seems to have a clear path to continue its record-breaking escapade. If the bulls keep their game face on, expect more fireworks! 🎆 But hold your horses; a glance at the momentum indicators suggests that price exhaustion might be lurking just around the corner. 🐴
3. Bearish Divergence Calls for Caution
Oh dear, the daily RSI is waving a red flag! While HYPE’s price is busy reaching for the stars, the RSI is playing a different tune, making lower highs. This divergence is a classic sign that the uptrend might be nearing its grand finale. Time to tread carefully and brace for a potential pullback, especially if the asset decides to tumble below its current uptrend. 🚧
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2025-06-17 10:33