Analysis of the next movement of altcoin, which grew by 30% during the market crash!

study time: minutes

In the current situation where the digital currency market is in an erosive downward trend, the price of Hyper Liquid (HYPE) has managed to grow by more than 30% over the past month and is close to its stubborn resistance of $30. HYPE has tried to break this resistance twice so far, and failed both times; An event that can turn into a bull or bear trap depending on the next move.

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In the deeper layers of the market, the whales’ behavior paints an interesting and tense picture. It seems that the largest group of traders in the market expects that HYPE will not be able to break through the $30 resistance barrier for the third time, and for this reason, they have opened heavy sell trades.

But on the other side of the field, smart money and well-known whales like Arthur Hayes, co-founder of the Bitmax exchange, are quietly accumulating this altcoin. Hayes also just bought another million HYPEs. According to analysts, if the price manages to break through the $30 resistance, silver sellers will be hot and a spectacular short squeeze will occur.