Hyperliquid’s $40 Duel: Phantom, SafePal, and the Price’s Dilemma 🎭💸

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The price of HYPE, that fickle lover, now dances perilously close to the $40 mark, as if flirting with destiny. Yet, the market, ever the drama queen, clings to its mid-range like a child to a security blanket. 🧸

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Most momentum indicators sit in neutral territory. The relative strength index at 47, the commodity channel index, and the average directional index all suggest that the trend is still in early development. The momentum and MACD readings lean slightly positive, hinting that buyers are trying to press the market out of its coil. A slow, deliberate push, like a cat trying to open a door. 🐱

Moving averages show a split landscape. The 20-day through 100-day averages slope downward, indicating that the overall structure is still bearish, while the shorter 10-day averages are trending upward. The 200-day EMA near $38 offers support, giving the market a reasonable base to build from. A fragile foundation, but better than nothing. 🛡️

A push above $40 would open room toward the upper range at $44-$50, an area that has capped breakouts several times. Failure to hold $38-$39 raises the risk of a return to $36 and, if the market unwinds further, the low-$30s zone that formed the previous bottom. A dance with the devil, or just a well-rehearsed routine. 🕺

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2025-11-20 13:12