The following Hype prices at $ 17? – Yes, but its hiking will depend on …

• Hype recovered well and could soon cause a $ 17.15 resistance and turn it to support.
• The liquidation map showed that short liquidations are denser and closer than long liquidations.

Hyperliquid (Hype) noted that its total value locked (TVL) decreased with $ 636 million in March first to $ 230 million a month later, according to data from Break.

One of the initiators of this capital exodus was the way the Hyperliquid platform operated Saga Jelly.

The platform saved its Hyperliquid vault supplier and deleted its negative PNL, which came as a result of the manipulation of jelly and long liquidation of merchants Hyperliquid inherited.

In this process, the legality of their course of action and decentralization of hyperlikids were called into question.

Hype could see a short grip in the short term

Source: Hype/USDT on TraringView

The scope of trading platform remained fine and was not under the immediate threat. This also meant that the demand for Hype was healthy. The breakthrough of token above the channel with a descending channel a week ago deleted all the losses made by Token after March 24.

He was approaching a resistance of $ 17.15, which marked the swing high before the descending canal. On a 12-hour ladder, Hype had a bull’s structure since climbing above the lower $ 12 tall.

Therefore, one -day and lower time frames have a bull structure, and the transition above $ 17.15 would signal the other leg higher for the prices of hyperlikid tokens. That outcome seemed probably if Batcoin (BTC) was holding his nerves.

A/D Hype has made a new tall, rising outside the maximum of March. The RSI was also above 60 to signal a strong momentum upwards.

Source: Coingling

The liquidation map has shown that some short -lived volatility is possible. Short liquidations were higher positions of influence and had a greater estimated liquidation influence closer to the price.

Especially, tLevel of 17, $ 17.3, and $ 17.45 are short -term goals due to the liquidation of high influences on these areas.

Traders should be careful about false breakthroughs last $ 17.15, encouraged by short liquidations, as it could be quickly reversed. Re -testing a $ 17 zone as a demand level could give a long opportunity to traders.

The monitoring of the BTC movement will be crucial to understanding feelings throughout the market and confirm the direction of potential prices.

Representation of Liability Revenue: The presented data does not represent financial, investment, trading or other types of advice and are exclusively a printer opinion