The cryptography market breastfeeding an unpleasant wood mouth after an episode of major panic earlier this week, the total market capitalization of the crypto sliding from 1.8% to 3.75 billions of dollars while the infamous of the Red September threatens to claim another victim.
However, in this sea of red, there is at least one token remaining afloat: the hyperliquid media threshing is a challenge of 9.26% and standing like the only cryptocurrency in the top 11 showing the green day.
Meanwhile, traditional markets play a different air entirely – the S&P 500 increased from 0.22% to 6,619 points while gold climbed from $ 0.33% per $ 3,762 per ounce, showing that investors are always appetite for certain risky assets, but not cryptographic risk – at least not for the moment. In addition, President Donald Trump announced a set of prices that should take effect on October 1, which has the potential to send risk assets that rush for coverage.
The Crypto Fear and Greed index plunged 28, firmly in the territory of “fear” and the most pessimistic reading since April, when the previous pricing announcements of Trump sent markets to a flesh.
Even again, there is a fascinating secondary intrigue which takes place in the perpetual adventures ofx wars which turns conventional wisdom on its head.
While his Rival Aster has made the headlines with a breathtaking push since its launch last week, Hyperliquid quietly sets up its own return.
The hyperliquid is both its layer -1 blockchain network and a decentralized exchange specializing in perpetual term contracts – derivative contracts that never express and allow crypto traders both to risk risks and essentially bet on the future price of digital assets, such as Bitcoin.
The exchange is propelled by a token of the same name, which is negotiated as the media threshing, and the exchange and the token have experienced an interest in the last months. For the context, despite recent ups and downs, the media threshing is up more than 20% in the last three months and up to 600% in the past year, currently commanding an impressive market capitalization of $ 12.2 billion.
The hyperliquid token increased today by a hollow of $ 40.376 at its current price of $ 44,114, representing a gain of 9.26% on a market where everything else is bleeding.
Looking at technical rupture, the media shining displays the type of behavior that traders would interpret as potentially the end of a major correction. The price of the medal, after all, is down almost 10% in the last 30 days.
The relative resistance index, or RSI, is one of these technical indicators on which traders rely. RSI measures price dynamics on a scale of 0 to 100, where readings greater than 70 indicate outsourcing conditions and less than 30 suggesting the occurrence.
The hyperliquid is at 41 – technically lower territory, but here is what the traders must understand: after a token is corrected from $ 56 to $ 40, an RSI at 41 in fact signals healthy consolidation rather than weakness. It is like a recharging area where smart money accumulates before the next step. Traders generally see RSI readings between 30 and 45 after major corrections – note that the graph is always on an ascending trajectory – as purchasing possibilities rather than selling signals.
The average directional index, or ADX, for media threshing is at 29, which shows the strengthening of the dynamics of trends. ADX measures how strong a price trend is strong whatever management – readings over 25 confirm an established trend, and at 29 years old, we see the media threw burst from its consolidation phase. The major dip a lot cooled the ADX a lot, but was still not enough to destroy the upward trend.
The medium of exponential moves, or EMAS, give traders a feeling of resistance and price supports by taking the average price of an asset on the short, medium and long term. The hyperliquidal is still a young piece, without the history of the trade of an assets like Bitcoin, but the EMA image seems bullish.
Currently, the EMA of 50 days of hype is located above its 200-day EMA, which means that the average short-term price is always higher than the average long-term price. This configuration generally indicates that short -term momentum is a long -term pessimism overwhelming, suggesting that the path of the slightest resistance is higher.
But as a warning sign, the gap between the two EMAS ends, which could potentially lead to death training (when the EMA50 moves below the EMA200). In this scenario, some traders can choose to create purchase orders near the EMA200 for those who think that the token can continue its bearish correction before rebounding.
On Myriad, a prediction market developed by DecipherThe mother company Dastan, a feeling we have not yet reached the increase exposed in the charts. Currently, a myriad of merchants do not expect the price of the media to reach $ 69 soon, placing these chances only 30% when they are measured compared to the chances of lowering below the $ 40 mark.
Key levels:
Immediate support: $ 36.00 (EMA200)
Solid support: $ 28.00 (visible on the graph as a previous resistance)
Immediate resistance: $ 48.00 (EMA50)
Strong resistance: $ 56.00 (preceding high zone)
The story of BNB TODAY is a classic scenario of “selling the news” because the token issued by the Binance drops from 4.23% to $ 947.55 in the last 24 hours, which makes it the most efficient among the 10 best cryptocurrencies by market capitalization.
As discussed earlier this week DecipherBNB had been on fire lately, and the only room in the top 10 on Tuesday by market capitalization in green. A large part of the price movement could be attributed to an increase in activity on the BNB network due to Aster’s explosive growth, a hyperliquid competitor on the BNB channel.
But, as we have seen so many times on the markets: what rises, must possibly descend. And for the moment, the hype, er, aster has slowed down. And BNB now seems to take a blow accordingly.
BNB price. Image: tradingView
The BNB RSI is 51 years old, which is just in the neutral and generally indicates a market in equilibrium while waiting for the next catalyst. For merchants, this reading of the dead center often precedes net movements in both directions while the market comes out of indecision.
The ADX at 36 confirms a strong established trend, but the switching indicator shows an in progress down pulse.
When ADX is high but the momentum is lower, it generally means that sellers are in control and that buyers of decline should be careful. This combination often leads to continuous pressure until the ADX falls below 25, which is exhausted in signaling trends.
Looking at the price action on the graph, BNB opened the day around $ 946, reached a summit close to $ 959, but has since removed $ 947.55. Today’s doji (a candlestick without body, essentially showing that the opening and closing prices are almost the same) shows significant volatility and a sale pressure at the resistance of the round number. The 50-day EMA is well above the 200-day EMA, maintaining an upward structure in the longer term, but the action of immediate prices below the opening price and the psychological level of $ 960 suggests short-term weakness.
The catalyst for the initial overvoltage of BNB was clear: the perpetual 24 -hour volume of the BNB chain amounts to $ 36 billion, exceeding $ 10.8 billion in hyperliquid, mainly driven by the dazzling rise of Aster. However, today’s correction suggests that traders are making profits on the rally focused on Aster.
Image: Dune
Key levels:
Immediate support: $ 920 (support visible on the graph)
Solid support: $ 880 – $ 900 (EMA50L)
Immediate resistance: $ 1,000 to $ 1,080 (psychological round number and top of all time)
The opinions and opinions expressed by the author are for information purposes only and do not constitute financial, investment or other advice.
