$H H moved fast, and moves like that always come with a trade-off. The rally from the 0.06–0.07 range into double digits was driven by momentum and attention, not gradual accumulation.
Now that price has pulled back slightly from the highs, the market is digesting what just happened. This doesn’t automatically mean weakness. It means participants are reassessing value after a sharp expansion.
As long as H holds above the mid-0.08 region, the structure stays constructive. Losing that level would suggest the move needs a deeper reset.
For now, it’s still bullish, but it’s no longer in the “easy” part of the move.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
$H H moved fast, and moves like that always come with a trade-off. The rally from the 0.06–0.07 range into double digits was driven by momentum and attention, not gradual accumulation.
Now that price has pulled back slightly from the highs, the market is digesting what just happened. This doesn’t automatically mean weakness. It means participants are reassessing value after a sharp expansion.
As long as H holds above the mid-0.08 region, the structure stays constructive. Losing that level would suggest the move needs a deeper reset.
For now, it’s still bullish, but it’s no longer in the “easy” part of the move.
(DYOR)
#H #HasTheMarketDipped? #DoubleRewardsWithGUSD #AreYouBullishOrBearishToday? #JoinGrowthPointsDrawToWinGoldenBar