🚀 HYPE Train to Nowhere? 🚨

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  • Behold! Hyperliquid’s fleeting gains, a will-o’-the-wisp for swing traders, beckoning with promises of riches, yet retaining a bearish bias, that most cunning of fiends! 😏
  • The mystical realm of $16.4, a veritable lodestone, drawing HYPE inexorably into its vortex, a siren’s call to the unwary investor! 🌊

As the celestial bodies aligned in propitious conjunction, Hyperliquid [HYPE] – that most mercurial of DEX tokens – registered a dizzying 35% ascent over the past decade of days. At the precise moment of our chronicle, it had rebounded with alacrity from the $12 support, its trajectory arcing tantalizingly towards the $18.5-$20 resistance zone, like a moth to the flame of fate. And what of Bitcoin‘s [BTC] glacial yet inexorable ascent from $78k to $84k, you ask? Ah, a mere coincidence, a happenstance, or so the Fates would have us believe… 🙄

Consulting the ancient tomes of technical indicators, we discover an intriguing paradox: lower timeframe bullishness, akin to a sprightly jig, even as the 1-day chart remained mired in an unyielding bearish outlook, a veritable Scylla and Charybdis for the unwary investor. To vanquish this bearish leviathan, a heroic feat of $21.25 must be achieved, a quest of Homeric proportions! 🏹

Shall HYPE Scale the Olympian Heights of $21?

Perusing the 1-day chart, a strongly bearish countenance gazes back, an unyielding visage. The $18.5-$21 region, a veritable Gibraltar of resistance, stands sentinel, daunting the Hyperliquid token’s every advance. Thus, a breakout, much like the Second Coming, is eagerly anticipated yet tardy in its arrival… ⏰

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In this liminal state, investors and swing traders, those latter-day Cassandras, may retain their bearish bias, even as the OBV, that most enigmatic of indicators, ascends, yet falters before the support level of yore. The RSI, that whimsical sprite, teeters on the cusp of neutrality, poised to unleash a maelstrom of bullish fervor upon the world… or perhaps not. 🤔

The arcane Fibonacci retracement levels, those mystical hieroglyphs, reveal to us the $20.74-level, a nexus of 50% retracement, and the $22.2-level, a resistance of unyielding aspect. To the south, the bearish trend, that slumbering behemoth, stirs, threatening to unleash a maelstrom of despair upon the hapless investor, casting them into the outer darkness of $8.2… 😱

The 1-month liquidation heatmap, that cartographic marvel, illuminates the vanquished pocket of liquidity at $16.1-$16.4, a conquest of unexampled bravery. And yet, the bearish reversal, that lurking Nemesis, awaits its moment to strike, poised to cast the price into the abyss of $13.7. Fear not, dear investor, for the liquidity up to $18.3, that benevolent deity, may yet smile upon HYPE, guiding it towards the Elysian Fields of $20-$21… 🙏

In conclusion, the auguries suggest a sustained move higher, a veritable cornucopia of plenty for Hyperliquid. Yet, as the great sage, BTC, looks on, its every move a potential harbinger of doom or salvation, the bulls must remain vigilant, their hearts afire with anticipation, their wallets at the ready… 💸

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2025-03-22 18:19