Hyperliquid Surges, but Is It Just Hot Air? Find Out! 🔥

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Hyperliquid (HYPE) — the crypto darling who can’t help showing off — claims a 3-month high,
grabbed 65% of the daily perpetual market volume, and raked in a cool $15.58 million in fees over a week.
Yet, amid the champagne and confetti, the technical signs whisper, “Maybe it’s time to chill a little.” 🥂

The market’s heartbeat is faltering as momentum indicators like DMI and RSI suggest the party may be over.
Price dangles near a support level, nervously eyeing the resistance. Will HYPE soar again or just stumble into a short-lived stumble?

HYPE’s DMI Signals Fading Faster Than a Snowman in July

The infamous Directional Movement Index (DMI) — the market’s mood ring — flashes mixed signals.
The ADX registers at 21.93, dropping from yesterday’s 22.85 and a few days ago’s 24.39, but still higher than the 15.34 from two days back.
Trend strength? Still alive, just maybe a little shy. 😅

+DI, the bullish cheerleader, is at 25 — slightly more confident than two days ago but not the undefeated champion it was yesterday at 30.78.
-DI, the bearish whisperer, creeps up to 17.61 from 11.57, hinting that sellers are slowly sharpening their knives.
It’s like watching a tug-of-war where both sides are feeling a little less enthusiastic. Perhaps time for a coffee break?

RSI Drops Like a Clown — Is the Bull Run Exhausted?

Hyperliquid’s Relative Strength Index (RSI) takes a nosedive to 55.15 from a lofty 68.76 — imagine losing your glow in the spotlight!
It was bouncing at 45.82 just two days ago, making one wonder if the whole bullish fiesta is winding down. 🥳🚶‍♂️

The RSI is like a teenager’s mood: over 70 means overbought, under 30 means oversold, and in the 50s, well, it’s practically on the fence.
This drop suggests that buyers are just about done waving pom-poms — they might need a good nap soon. 😴

If the momentum doesn’t pick up, HYPE could settle into a snooze mode or a minor correction. But hey, maybe it’s just resting — the bull still might return, or not. Who’s to say? 🤷‍♂️

Hyperliquid’s Support at $26.41 — Will It Hold or Break the Heart?

The current dance partner? The support level at $26.41. If HYPE can cling on, it might still try to make a move toward the coveted $30 — since December 2024, it’s been an elusive dream. 🌈

However, if support gives way, things could get messy — dropping to $23.28, and if the stars align with extreme misfortune, down to $19.55, like a sinking ship. 🚢💥

But hey, if buyers rally and hold the line, resistance at $28.43 beckons. Break that, and HYPE might finally have its day in the sun again — aiming for that sweet $30 plateau. Fingers crossed! 🤞

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2025-05-17 18:34