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Hyperliquid (HYPE) continues to generate strong revenue, collecting $42.53 million in fees over the last 30 days. However, despite the strong fundamentals, momentum indicators are weakening, with RSI and BBTrend both showing signs of cooling.

HYPE recently failed twice to break key resistance at $19.26, putting pressure on its short-term trend. Now, the price sits at a critical point where it could either collapse below support or mount a new rally toward $25.

Hyperliquid (HYPE) RSI Drops to 42 as Momentum Weakens

Hyperliquid’s Relative Strength Index (RSI) is cooling sharply, dropping to 42 from 60.93 yesterday.

This sudden decline signals that recent bullish momentum has weakened and traders are becoming more cautious.

After reaching overbought territory earlier in the week, HYPE approaches levels suggesting neutral to slightly oversold conditions.

The RSI is a momentum indicator that measures the speed and magnitude of an asset’s recent price changes. It ranges from 0 to 100, with readings above 70 typically signaling overbought conditions, and readings below 30 suggesting oversold conditions.

With HYPE’s RSI now at 42, the token is sitting in a neutral zone but leaning toward weakness.

If the RSI continues to fall, it could open the door for more downside pressure, but if it stabilizes and bounces back, HYPE could regain strength before deeper losses set in.

Hyperliquid (HYPE) Could Enter Consolidation After BBTrend Drop

Hyperliquid is seeing a sharp drop in its BBTrend indicator, now at 2.63, down from 12.68 five days ago. This steep decline shows that the bullish momentum seen earlier has faded quickly.

BBTrend readings falling this sharply often reflect a major slowdown in trend strength, signaling that the price could be entering a consolidation phase or preparing for a deeper correction.

BBTrend, or Bollinger Band Trend, measures how strongly an asset is trending based on the width and expansion of its Bollinger Bands.

High BBTrend values, generally above 10, indicate strong trending conditions, while low values closer to 0 suggest a weak or sideways market. With HYPE’s BBTrend at 2.63, the current reading points to weak trend strength.

If the BBTrend continues to stay low, it could mean that HYPE’s price will consolidate or move sideways unless new momentum builds.

Will Hyperliquid (HYPE) Collapse Below $16 or Rally Past $25?

Hyperliquid has tested the $19.26 resistance level twice over the past few days but failed both times. As a result, its trend now appears to be weakening, with a possible death cross forming soon.

If the bearish momentum continues, HYPE could drop to test support at $16.82.

If selling pressure intensifies, a break below $14.66 could open the way toward deeper support levels at $12.42 and even $9.32.

On the other hand, if bullish momentum returns, HYPE could mount another challenge at the $19.26 resistance.

A clear breakout above that level could open the path toward $21, and if momentum stays strong, HYPE could rally to $25.87.

This would mark its first time breaking above $25 since February 21.

The post Hyperliquid (HYPE) Struggles to Hold Trend as Price Approaches Critical Levels appeared first on BeInCrypto.

Tether is deploying its existing and future hashrate on OCEAN, a decentralized Bitcoin mining protocol. It will focus on delivering high-performance operations to undeveloped areas, particularly in Africa.

Tether is showing increased commitment to keeping the Bitcoin ecosystem sustainable. This initiative also builds on the company’s previous investments in Africa.

Tether and OCEAN Team Up

Tether, the world’s leading stablecoin issuer, has been diversifying its interests lately. It’s preparing to make major internal changes, investing in a few different sectors, and considering a major stablecoin launch.

Today, Tether is working to advance decentralized mining infrastructure by deploying both its existing and future hashrate on OCEAN.

“As a company committed to financial freedom and open access, we see supporting decentralization in Bitcoin mining as essential to the network’s long-term integrity. Deploying hashrate to OCEAN aligns with both our mining investments and our broader mission to fortify Bitcoin against centralizing forces,” said Paolo Ardoino, CEO of Tether.

OCEAN is a decentralized Bitcoin mining pool, and despite the naming similarities, it’s not related to the popular AI token. It was founded by Bitcoin Core developer Luke Dashjr in response to centralization fears in BTC mining.

Tether’s hashrate will be able to help OCEAN in a few key ways. Critically, it highlights Tether’s commitment to the long-term viability of Bitcoin, as it is a major holder.

The company will deploy this hashrate through OCEAN’s DATUM Gateway service, which helps miners create high-performance operations in low-bandwidth areas.

Most notably, Tether will prioritize rolling out these services in rural and underdeveloped regions, particularly in Africa. This reflects Tether’s growing business commitments in the continent.

Tether obviously has self-interested reasons to deploy its hashrate on OCEAN, as it benefits from potential stablecoin users in new regions.

Moreover, the firm cast Bitcoin’s independence as a key motivator in itself. Tether is a major component of the global crypto economy, and it recognizes the importance of BTC beyond its desire to custody the asset.

In short, this operation gives a few insights into Tether’s plans for the future. By deploying hashrate on OCEAN, Tether is working to strengthen Bitcoin’s network and put more of the world on the blockchain.

Eventually, both of these aims can directly benefit the company.

The post Tether To Deploy Existing and Future Hashrate on OCEAN Mining Pool appeared first on BeInCrypto.

PEPE has continued its downward trajectory, hitting a six-month low of $0.00000670. The meme coin’s sustained losses have significantly eroded investor confidence, leading even uncertain holders to pull back. 

The extended drawdown has created a challenging environment, with sentiment remaining overwhelmingly bearish.

PEPE Investors Are Losing Hopes

Short-term holders (STHs) have exited the market over the past month. Their participation has dropped from 11.5% to 7%, a 4.5% decline that reflects the growing reluctance to engage with PEPE at current price levels.

The prolonged downtrend has discouraged traders, as any recent investments have resulted in losses.

Typically, a low STH presence can be seen as a stabilizing factor, reducing volatility. However, this case highlights rising pessimism among PEPE investors.

The absence of new inflows and the reluctance of holders to re-enter suggest that sentiment remains fragile, further delaying any potential recovery.

PEPE’s macro momentum remains weak, with technical indicators signaling persistent bearish conditions. The Relative Strength Index (RSI) has remained stuck in the bearish zone for over a month, indicating continued selling pressure.

The lack of upward momentum suggests that recovery remains unlikely in the near term.

Additionally, worsening broader market conditions have exacerbated PEPE’s decline. Without a shift in macroeconomic or crypto market trends, the meme coin could remain under pressure. Until key resistance levels are breached, bearish dominance is expected to persist.

The PEPE Downtrend Continues

PEPE’s price has fallen to $0.00000670, holding above the critical support of $0.00000632. Sitting at a six-month low, the meme coin’s four-month-long downtrend shows no signs of reversal. If bearish pressure continues, PEPE could lose its support and sink further.

A breach of $0.00000632 would likely result in PEPE falling below $0.00000600. This could extend losses further, pushing the price toward the next support at $0.00000587. Without a strong reversal, PEPE may continue its downward trajectory, deepening investor losses.

The only way to invalidate this bearish outlook is if PEPE reclaims the crucial resistance of $0.00000951 as support. A successful breakout above this level would increase the chances of the meme coin returning to $0.00001000.

However, before this can happen, PEPE must first breach $0.00000718 and $0.00000839, both acting as key resistance levels on the way to recovery.

The post PEPE Continues 4-Month Downtrend Even As Short-Term Holders Exit appeared first on BeInCrypto.