HYPE drops 2.95% to $79.8, trading below short-term moving averages
- —HYPE at $79.8, down 2.95% on the day from an open of $82.29
- —Price sits below SMA-5 of $82.41 and SMA-7 of $83.76, MACD bearish
- —RSI 39.1 and stochastic 9.3 point to oversold conditions without a reversal signal
- —Daily volume of $835.52M is 9.06% below the 30-day average of $918.72M
Why it matters: The decline coincided with roughly $1B in crypto liquidations, though no direct link to HYPE is confirmed; holding above short-term averages will define the next trend.
Source: DiarioBitcoin