Low demand, noise follows the high size of Dex HyperLeeliquid – can this bull change? star-news.press/wp

• The volume of fixed trading and the height of new users on DeX was encouraging factors
• The height of the liquid has appeared likely to gather about $ 45, provided that it can maintain its upper structure

HyperleliQuid (HYPE) was good during the past week, with 12 % of the highest in encryption The highest 20 According to the market value. However, noise bulls are at $ 39 in the last hours. This, despite the decentralized exchange, spreading good trading volume as well.

source: Sandin dune analyzes

The aforementioned graph revealed that the size of the DeX was fixed, and similar to the levels of February.

Interestingly, the number of new users has increased during the past two months. Can this lead a return to the noise price?

Technical analysis confirms the main noise levels of viewing

Source: HYPE/USDT on Tradingview

The graph for 4 hours showed the chassis of a bullish market for noise after it exceeded the level of $ 37.25 on June 28. Since then, the bulls have challenged a local summit worth $ 39.12, but it has not succeeded.

OBV was fixed in recent days, where the trading volume diminished last week. The low noise trading volume during the recovery period of $ 36 was a sign of a weak feeling for sale. RSI showed the ascending with a reading of 56, but without constant request, momentum can be reflected more easily.

Since late May, the noise has been circulated within the (white) range from $ 31 to $ 44.8. The last gathering brought the price above the average level at $ 37.9. If excessive liquid bulls can defend this level as support, the transition towards the high range will be possible. However, it will be necessary to increase the purchase volume here.

source: Coinglass

The liquidation scheme showed that the reversal from $ 36 to $ 39 witnessed short qualifications, but a few long filters. according to Coinalyze dataThe financing rate was positive recently. The open interest has increased by 4 % in the past 24 hours. Together, they pointed to short -term rising forecasts.

Traders want to see larger trading volume and demand, which will increase the chances of recovery. Bitcoin (BTC) can also affect market morale and move the Hype price.

Responsibility: The information provided does not constitute financial, investment, trading or other types of advice, which is just the opinion of the writer