Traders Observe Declining Volume for Hyperliquid (HYPE)
Decline in Hyperliquid's Trading Volume: Hyperliquid (HYPE) has seen a significant drop in trading volumes and open interest, returning to levels last seen in May 2024, despite maintaining a market cap of around $27 billion.
Emergence of Lighter as a Competitor: Traders are increasingly exploring Lighter, a new platform set to launch on December 29, which boasts a much lower execution cost compared to Hyperliquid, potentially making it a strong competitor in the decentralized derivatives market.
Execution Cost Comparison: Hyperliquid incurs approximately $467 in costs for every $1 million in BTC perpetual volume, while Lighter's cost is only about $18, raising concerns about Hyperliquid's sustainability as traders prioritize execution efficiency.
Future Prospects for Both Platforms: The success of Lighter will depend on its ability to maintain its execution edge post-launch, while Hyperliquid must justify its high valuation amidst declining volumes and increasing competition.
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Technical Analysis for AIXBT
Technical Sentiment Analysis for aixbt by Virtuals (AIXBT) As of , aixbt by Virtuals (AIXBT) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for AIXBT stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, AIXBT is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
aixbt by Virtuals (AIXBT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00721 | 0.0125 | 0.0175 | 0.0228 | 0.0278 | 0.0331 | 0.0381 |
| Fibonacci | 0.0125 | 0.0164 | 0.0188 | 0.0228 | 0.0267 | 0.0291 | 0.0331 |
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