$3.6M HYPE Exodus from Exchanges: Is This the Quiet Before an Explosive Market Surge?
The potential reasons behind this decline include an overstretched price, the continued rise in Bitcoin dominance, and the prevailing market structure.
During this period, investors and traders have shown strong interest, leading to a 30% surge in trading volume compared to the previous day.
Signs of a potential reversal
AMBCrypto’s technical analysis suggested that the HYPE token was in an uptrend and appeared bullish at press time. On the daily chart, the asset seemed to be retesting its recent breakout from an ascending triangle pattern.
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