HYPE Price Stays Above $35  During the first part

HYPE Price Stays Above $35 

During the first part of the year, the asset briefly fell to $10 but has increased by more than 250% since then and reached $37 in the last week. Currently, the price is stable above $35, up by 0.41% recently.

There are two major indicators that describe the situation. MACD is showing a positive result at this time. Although the MACD surpasses the signal line, it is almost leveling off, which means the ongoing bullish run might be pausing and not slipping into a downward trend.

Viewing the histogram, it is possible to detect a slight fall that indicates the strong bull run may be slowing off for now. In contrast, the Stochastic RSI is suggesting that the price could go down.

With the RSI value above 90, the cryptocurrency is moving far into the overbought zone. Hence, a brief pullback or slow movement is possible before it attempts another upward move.

The last few months have seen the price increase in a steady bullish pattern through higher highs and lows. HYPE buyers have come in every time the price goes down, proving their continued interest.