- Media threshing recovered well and could soon challenge the resistance of $ 17.15 and return it to support.
- The liquidation card has shown that short liquidations were densest and closer than long liquidations.
Hyperliquid (hype) saw its total locked value (TVL) go from $ 636 million in the first week of March to $ 230 million per month later, according to Defilma data.
One of the engines of this exodus of capital was the way in which the hyperliquid platform managed the saga of jelly.
The platform saved its hyperliquid supplier Vault and destroyed its negative NLP which resulted from the handling of the jelly and the long liquidation of a trader whose hyperliquid inherited.
In the process, the legality of their action plan and the decentralization of the hyperliquid have been questioned.
Media outburst could see short short -term pressure
Source: Hype / USDT on tradingView
The platform’s trading volume has remained fine and was not immediate. It also meant that the demand for the threshing media was healthy. The escape of the token above the descending chain a week ago erased all the losses of the token after March 24.
He approached the resistance of $ 17.15 which marked the high swing before the downhill channel. On the 12-hour graphic, media threshing had a bullish structure from climbing above the summit less than $ 12.
Consequently, the deadlines at 1 day and lower have an upward structure, and a step beyond $ 17.15 would signal another higher leg for the prices of hyperliquid tokens. This result probably seems so Bitcoin (BTC) held its nerve.
The A / D of media threw made a new summit, rising beyond the summits of March. The RSI was also greater than 60 to report strong upward momentum.
Source: Coringlass
The liquidation card showed that a certain short -term volatility was possible. The general costs of short liquidations were higher leverages and had an estimated liquidation lever effect closer to the price.
In particular, tThe levels of $ 17.3, $ 17.3 and $ 17.45 are short -term objectives due to liquidations with a high lever grouped in these areas.
Traders should be careful of a false escape before $ 17.15, driven by short liquidations, as it could be reversed quickly. A remediation of the $ 17 zone as a level of demand could have a long opportunity for merchants.
Monitoring the BTC movement will be crucial to understanding the feeling on a market scale and confirming the potential price management.
Notice of non-responsibility: The information presented does not constitute financial investments, exchanges or other types of advice and is only the opinion of the writer
