HYPE—The only savior of cryptocurrency!
The current entire crypto market
The only one I still want to buy and currently hold
Is only HYPE
From a technical perspective, compared to the trend structure history of BNB
There are many similarities
But here we won’t discuss the fundamentals and the overall market sentiment
Because the two are different
Let’s talk solely from a technical standpoint
Does current HYPE resemble the trend of BNB after the previous bull market’s altcoin season launched?
After BNB was launched, it surged + went through two waves of adjustments
Then continued to rise to new highs, and later fell into a long period of gradual decline and adjustment cycle
Finally, it climbed slowly, with a large bullish candle breaking historical highs, confirming the arrival of a strong trend!
If we purely compare from a technical analysis perspective
Is current HYPE reenacting the trend of BNB back then?
Only, the fundamentals are different, and the technical structure corresponding to the time cycle is different...
But I believe that saying
History doesn't simply repeat itself, but it does step on similar rhymes.
Thinking negatively, if BTC and ETH can’t stabilize during this second bottoming
And continue to refresh new lows during this bear market adjustment
Then, HYPE might also struggle to replicate the sustained rally after BNB's strong weekly breakout
Instead, it is likely to retrace on a weekly level, oscillating above the support zone of $49
Then, after maintaining adjustments, create a new historical high trend movement
So, if HYPE has a chance to retrace to $49-54
I will definitely purchase mid to long-term spot! This will be the best buying opportunity!
As for the crypto market, I am very disappointed
Looking around, it’s all garbage!
The only ones worth buying are BTC and HYPE!
And for BTC, it is not yet a good buying opportunity!
#BTC #HYPE
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