HYPE's technical aspect has been quite interesting lately. The 30-minute candlestick volume surged by 280.4%, and such abnormal volume movements are often not just simple fluctuations; they usually indicate that the market is brewing a new direction.
The current price is stuck at 24.463 USDT. Looking at the support levels, the key support on the 1-hour basis is at 24.224, only 0.59% away from the current price, indicating that the support below is relatively solid. To be more precise, the entire support zone ranges from 24.175 to 24.351, leaving some buffer space.
From a trading perspective: if going long, you can place an order at 24.224 and aim for a take-profit target at the resistance level of 25.41. This risk-reward ratio is still quite favorable given the current market environment.
The key point is the abnormal trading volume. Such sharply increased trading often signals active manipulation by major players, increasing the probability of a market move. The subsequent trend is worth continuous monitoring, especially the performance at the current support level.
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defi_detective
· 01-15 09:58
A 280% surge in trading volume is indeed quite intense, but I'm worried it might be a fake breakout trick.
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Tokenomics911
· 01-13 06:47
280% trading volume increase... The main force is really causing a stir this time.
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StrawberryIce
· 01-13 06:42
A 280% surge in trading volume cannot be ignored; it feels like a major move is coming.
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MemeKingNFT
· 01-13 06:39
A 280% surge in trading volume... This momentum is a bit like the "major players preparing for action" signal I saw in the NFT market back in the day. And what happened next? A large wave got trapped. Whether this HYPE can break through 25.41 depends on whether there's real support to defend the price. To be honest, I'm a bit sensitive about the term "major players' manipulation" right now.
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FreeRider
· 01-13 06:32
280% volume surge, directly taking off. Is this the main force testing the waters or really planning to cause trouble?
HYPE's technical aspect has been quite interesting lately. The 30-minute candlestick volume surged by 280.4%, and such abnormal volume movements are often not just simple fluctuations; they usually indicate that the market is brewing a new direction.
The current price is stuck at 24.463 USDT. Looking at the support levels, the key support on the 1-hour basis is at 24.224, only 0.59% away from the current price, indicating that the support below is relatively solid. To be more precise, the entire support zone ranges from 24.175 to 24.351, leaving some buffer space.
From a trading perspective: if going long, you can place an order at 24.224 and aim for a take-profit target at the resistance level of 25.41. This risk-reward ratio is still quite favorable given the current market environment.
The key point is the abnormal trading volume. Such sharply increased trading often signals active manipulation by major players, increasing the probability of a market move. The subsequent trend is worth continuous monitoring, especially the performance at the current support level.