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Hyperliquid (HYPE) Price Predictions for This Week
As the market continues to fluctuate, it’s essential for investors and traders alike to stay informed about the latest developments in the cryptocurrency space. In this article, we will delve into Hyperliquid’s current situation and provide some valuable insights on what to expect from the token in the coming days.
Unfortunately, HYPE has lost its support at $40, which may lead to a further decline in price. As of now, there are two key levels that need to be monitored closely: $37 and $32. If the current downward trend continues, it’s likely that we will see the price of HYPE test these levels.
In recent days, the bears have returned with force, causing the token to close each daily candle in red. This lack of buying interest can lead to a prolonged period of sellers driving the market lower. The $37 level is crucial at this point, as it may provide some relief for buyers or traders looking to get into a long position.
Additionally, the 3-day MACD has completed a significant bearish cross, which could result in a correction lasting several weeks, if not months. This correction can potentially take the price of HYPE down to the low $30s, making it essential for investors and traders to be cautious at this time.
Overall, it’s essential for anyone involved with Hyperliquid (HYPE) to monitor these key levels closely and adjust their strategy accordingly.
Source: cryptopotato.com
