Main Points:
NASDAQ said listed at Biotech Company Sonnet Biotherapeutics on Monday that it developed a business combination with a newly created creature, Rorschach, to launch a hyperliquid (hype) digital asset treasury.
When the deal closes, Hyperliquid Strategies Inc. aimed to hold 12.6 million hype tokens and $ 305 million cash. Cash will be used to get more hype tokens in the future.
Can the hype interrupt after developing the hype digital asset treasury? Let’s review the charts to find out.
Hype’s price prediction
The hype turned from a psychological level of $ 50 on Monday, but a positive sign was that the bulls did not give much land to the bear.
The irritating transition of the averages and the relative -child index of strength (RSI) near excess territory indicates consumers are in control. If the price bounces at $ 45.80, it suggests that the bulls are that the support level will be. It enhances the prospects of a break above $ 50. Hype/USDT pair can climb to $ 60.
Sellers have to yank the price below the 20-day exponential transfer of average ($ 42.93) to soften the bullish momentum. The pair can signal a short-term top if price skids below the 50-day SMA ($ 38.86).
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The pair witnessed a hard battle between the Bulls and the bear near the 20-em in the 4-hour chart. Flattening 20-Em and the RSI just above the midpoint does not provide a clear advantage either to the bulls or the bear in the near term.
Consumers will have to drive the price above $ 50 to occupy control. The pair can climb to $ 60. Short-term trend is tilt in favor of the bears if the pair has sank below the 50-sma. That can deepen the correction to $ 41.
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
