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Crypto Writer
Arslan Butt
Crypto Writer
Arslan Butt
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The crypto market is brimming with opportunities as Hyperliquid (HYPE) gains 9.12%, targeting $25.90 resistance, and Ethena (ENA) surges 24.99%, breaking key trendlines to aim for $1.30.
Meanwhile, Crypto All-Stars ($STARS) presale hits $17.67M with just 4 days left, offering 163% APY staking rewards.
These tokens present strong growth potential as 2024 approaches, drawing investor attention.
Hyperliquid (HYPE) Surges 9%: Bullish Momentum Targets $25.90 Resistance
Hyperliquid (HYPE) has surged 9.12%, trading at $24.91, backed by strong buying pressure and a decisive bullish engulfing candle on the 2-hour chart.
The price has confidently moved above the $23.95 pivot point, now acting as immediate support. If momentum holds, resistance at $25.90 could be breached, potentially propelling HYPE toward $27.12 and $28.36.
Technically, HYPE remains bullish, supported by an ascending trendline at $22.08 and the 50 EMA at $20.60. The Relative Strength Index (RSI) sits at 65.54, indicating robust buying sentiment but nearing overbought levels. Traders should monitor a breakout above $25.90 for sustained upward movement.
Key Insights
- Immediate Resistance: $25.90; next levels: $27.12 and $28.36.
- Support Levels: $23.95, $22.08, and $20.04.
- Indicators: RSI at 65.54 shows strong buying momentum; 50 EMA supports the trend at $20.60.
Ethena (ENA) Breaks Trendline, Targets $1.30
Ethena (ENA) has soared 24.99%, reaching $1.23 on robust trading volume of $1.16 billion. A breakout above a key upward trendline on the 4-hour chart reinforces bullish momentum. The immediate resistance lies at $1.23, with targets set at $1.30 and $1.37.
The formation of a bullish engulfing candle near $1.14 solidifies buying confidence, while support levels at $1.14, $1.08, and $1.02 (aligned with the 50 EMA) provide a safety net. The RSI at 73.35 signals overbought conditions, but momentum remains strong above $1.23.
Key Insights
- Immediate Resistance: $1.23; Next: $1.30, $1.37.
- Support Levels: $1.14, $1.08, $1.02 (aligned with 50 EMA).
- RSI: At 73, showing overbought potential but maintaining bullish momentum.
Crypto All-Stars ($STARS) Presale Surges to $17.67M: Final 4 Days to Buy
Crypto All-Stars ($STARS) is closing in on launch, raising $17,667,614 with just 4 days remaining in its presale. Its MemeVault feature allows staking of leading tokens like $DOGE, $SHIB, and $PEPE, offering 163% APY returns.
Audited by Coinsult, $STARS ensures security and user-friendly functionality, appealing to both newcomers and experienced investors.
Analysts predict an 11x growth in 2024, targeting a price of $0.02 from its current presale price of $0.0016782. Influencer endorsements, including ClayBro, continue to boost investor interest.
Key Details:
- Presale Raised: $17,667,614
- Staking Rewards: Up to 163% APY
- Current Price: $0.0016782 per $STARS
- Presale Ends: 4 days
This final presale phase presents an opportunity for investors to secure $STARS before launch. Stay connected with $WEPE on Twitter and Telegram.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
