HYPE expected to see more upward pressure despite recent drop below support and macro risks.
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The hype price is around 84.94. It has decreased a little. Hype set a record at 89.50 on September 6th. It has come down a little.
Hype actually only thinks about one thing, Friday. This is the most important thing for hype. Macroeconomics is the main tool here. Hype is close to record. Assets near records are the most exposed to risky days.
The 15th is not very important and that is its specialty. Hype doesn't need any votes. It has a daily trading fee buyback. It doesn't matter whether Washington takes it seriously or not.
The hike will take effect on the 16th and it will drop below the support level.
Hype has dropped below the 85 to 88 cluster. The next real base is the 200-day moving average at 8360 and it is below 2%. It's about 2% below here.
I think you'll see more upward pressure with the hype, but let's see. And I have already written my two lines. I want XRP to close below 135 and HYPE to close below 6885.
What this channel has said about $HYPE
Stock Moe has 3 calls on this stock; only the adjacent ones are shown.