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$HYPE HYPE January 6, 3 billion dollars of liquidity still undigested, addresses linked to Tornado Cash continue selling, now supported at $24.19.
31% of the circulating supply is locked in collateral, but this is not enough to withstand opening sales, nor can buybacks and burnings offset short-term selling pressure.
To buy, wait for the price to stabilize above $24.8 $ and for the MACD to form a positive crossover, with a stop-loss at $24.0 $ ;
To short sell, wait for a breakdown below $23.5, followed by a direct drop, with a stop-loss at $24.2.
If $22.8 $ does not hold, it could drop to $22, don't be the last one to buy!