HYPE's price has risen 37% in the past week, and the RJ index is 55.8, indicating that the market sentiment is neutral to bullish. The BB trend is still positive at 28.4, indicating that the upward momentum still exists, but the rate of increase has slowed down. If this trend continues, HYPE may test the resistance level of $28.95. However, if the support level is broken, the price may fall back by up to 42% to around $15.
Following one of the largest airdrops this year, the price of Hyper Liquidity (HyPE) has surged 37% in the past seven days. Momentum indicators like RTI and BBStream show that the uptrend remains intact, and while the gains have slowed from the peak, there is still room for further gains.
If the bullish momentum continues, HyPE could test new all-time highs around $28.95 and could continue to rise to $30 or $35. However, if the trend weakens, the price could pull back, and the strong support at $15 means the price could fall by up to 42%.
HEPE RTI is far from overbought at the moment
Currently, HyPE’s RTI is at 55.8, which is far from overbought levels and is up from yesterday’s 46, showing a significant pickup in market momentum. This suggests that buying pressure is picking up after the EX index has cooled off recently. Looking back at December 13-15, when HyPE reached a new all-time high, RTI remained above 70, indicating an overbought situation.
The current RTI reading, while below overbought levels, still reflects a bullish shift in sentiment, which could drive further price stabilization or gains in the near term.
RTI (Relative Strength Index) is used to measure the magnitude and speed of price fluctuations, helping us determine whether an asset is overbought or oversold. Generally speaking, an RTI above 70 indicates that the market may be overbought and may pull back next; a value below 30 indicates oversold and will usually rebound.
Currently, HyPE's RTI is 55.8, which is neutral to bullish, meaning it has further room to rise as this value is still some distance away from overbought levels. If buying continues to be strong, HyPE may test new resistance levels, but if the RTI starts to stagnate, it may also enter a short-term consolidation phase.
As for the ultra-liquid BB trend, the current performance is still positive
HyPE’s BB trend is now 28.4 and has remained in positive territory since the airdrop ended on December 13, indicating that bullish sentiment is still ongoing. However, the decline from the peak of 43 on December 17 means that while the upward trend is still there, the gains have slowed down compared to before.
BBDirection is an indicator based on Bollinger Bands that measures the strength and direction of price trends. If BBDirection is positive, it means that the market has bullish momentum; if it is negative, it means that bearish pressure is increasing.
At present, the BB trend of HyPE is still very strong, at 28.4, indicating that the upward momentum is still there, although the speed is slower than before. This stable upward momentum may support it to continue to rise, but due to the cooling of the upward trend, the rise of HyPE may weaken slightly in the short term.
HEPE Price Prediction: All-Time High Imminent?
If the current uptrend continues, HyPE may soon challenge its all-time high of $28.95 and become one of the strongest performing altcoins.
If this level is broken, the price is expected to rise further, with the target possibly reaching $30 or even $35, with a potential increase of up to 34%.
However, if the uptrend weakens or even turns to a downtrend, the price of HyPE may face greater downside risks. The nearest strong support level is around $15. If the price falls to this level, then from the current level, there may be a correction of about 42%.