Hyperliquid Price Prediction: HYPE Soars 6% As This PEPE Upgrade ICO Skyrockets To $25 Million
Release: 2024/12/17 18:49 Reading: 443
Hyperliquid Price Soars by 6%
In the past 24 hours, the price of Hyperliquid has surged by 6% to reach $28.36 at 3.40 a.m. EST. This follows a 1% increase in trading volume to 345.61 million.
Approximately six hours ago, the project set a new all-time high of $28.97, marking continued growth over the past week. Despite facing resistance at the $20 and $25 levels, Hyperliquid has consistently overcome these obstacles, although it currently faces a significant barrier at $28.
Over the last seven days, the price has risen by 102% as Hyperliquid continues to list new projects based on community requests. Its long-term goal is to become the blockchain for all finance, uniting the crypto sector.
Yesterday, Hyperliquid achieved another milestone by reaching an all-time high in open interest, surpassing $4.3 billion.
Hyperliquid Price Prediction
Presently, the price of Hyperliquid is battling a resistance at $28, with an even stronger barrier at $30. While $28 remains an obstacle, the project has previously shown its ability to overcome such challenges.
Compared to recent days, its Bollinger bands have narrowed, suggesting that the current resistance may pose a significant hurdle. This may reflect uncertainty among HYPE holders regarding the project's continued growth, despite the recent all-time high for Bitcoin, which has typically stimulated investment in both BTC and altcoins.
However, the price continues to fluctuate between the upper and lower bands.
The Relative Strength Index (RSI) has also experienced significant fluctuations within the past 24 hours, moving from the neutral zone (50) to the overbought zone, then dropping to 30 before returning to 70 (overbought). In the past several hours, it has oscillated between 40 and 60, indicating a diminished intensity in trader interest.
These factors suggest that Hyperliquid is less likely to breach the $28 resistance and continue its ascent. Instead, smaller fluctuations and sideways trading are expected unless a catalyst triggers a major movement.
Promising Alternative to Hyperliquid
While Hyperliquid's performance has yielded strong earnings for holders, a more lucrative option may present itself in Wall Street Pepe (WEPE), a new meme coin ICO.
WEPE aims to address the issue of insider groups in the crypto market, where whales have access to privileged information and strategies. By creating its own insider group, WEPE provides token holders with access to collective knowledge and resources.
Inspired by the success of Pepe Unchained (PEPU), WEPE has attracted thousands of investors, raising over $27.5 million within weeks. Despite its low price of $0.0003646 per token, WEPE is considered undervalued based on its recent demand.
Many anticipate a surge in the price of WEPE once the presale concludes and the project lists on exchanges. Crypto YouTuber ClayBro, with over 134,000 subscribers, predicts that WEPE could experience a 100x growth, making it a compelling investment opportunity at its current low valuation.
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