1 month ago
40
Key Takeaways
- HYPE is testing its daily channel support.
- Daily RSI has diverged from the record high.
- The four-hour 50-SMA supports a possible rebound.
- A daily close below $78 would expose $73.
- FedWatch shows a 59.7% September hike probability.
Rate-hike expectations add pressure after HYPE’s record
HYPE reached an all-time high near $86.80 before retreating toward $81.30. The pullback came as interest-rate traders sharply increased their expectations for another Federal Reserve hike.
Expectations for a September hike strengthened throughout the day. Earlier Reuters reported that the probability initially rose from roughly 35% to 50%. By the time of writing, the Read Entire Article
English (US)