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These past few days, HYPE has been wobbling around, today at $41.88, yesterday at $41.84, only a 0.1% increase. It’s really exhausting me, this old rookie.
Speaking of which, it’s quite funny—the market sentiment index is only 15, indicating extreme panic, yet HYPE still managed a slight gain.
I remember the last time I saw such a contrast was at the bottom of the bear market last year, when everyone was terrified to death, and some coins started quietly rebounding.
Today’s high was $42.57, and the low dropped to $41.37, with a $1.2 fluctuation range, a 2.9% amplitude. For a coin like HYPE, that’s quite mild.
In my memory, it used to be quite temperamental, often starting with 10% swings.
The trading volume of 216 million USDT isn’t small, indicating that some people are quietly positioning themselves.
As an old veteran who has been in the crypto world for many years, I think this sideways consolidation is quite healthy—at least there’s no waterfall decline, and no reckless pump-and-dump.
Now the entire market is in panic, and it’s already not easy for HYPE to hold this price level.
Although the gains are modest, it’s much better than those coins that plunge every day.
I still hold some in my hands, planning to keep observing, because I’ve seen too many times when a storm is brewing, and it’s often a prelude to big moves.