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[Market Update] HYPE/USDT Showing Signs of Bullish Momentum!
The HYPE/USDT perpetual contract has recorded a modest upward movement, currently trading at 38.157 USDT, reflecting a +0.2% gain.
Key highlights from the 15-minute chart:
24h High: 38.800 | 24h Low: 35.949
Volume (24h): 457.95K HYPE / 17.12M USDT
Technical Indicators:
Price is trading above all major moving averages (MA5, MA10, MA30), indicating short-term bullish sentiment.
The recent low at 37.013 was followed by a strong recovery candle, showing buyer interest at lower levels.
Minor consolidation is occurring after a sharp upward move, suggesting potential for another breakout.
Traders are closely watching the 38.442–38.800 resistance zone for a potential upside continuation. Keep an eye on momentum and volume!
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