HYDRA looks to have formed a diamond trend reversal pattern. If this plays out, looking at a 10% downward move to about $35.00. We'll see how it plays out.
You called it. Any ideas on where it's going to go from here?
I noticed the staking on Kucoin suddenly went from 110% to 92%. Can't see that helping the price.
CryptoIn60Seconds
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@rickrestivo0, Thanks! We could see HYDRA come up to the $37.00 mark as relief bounce. Good support at $33.00 and $30.00. I feel if price goes below $30.00 that could find support on the macro symmetrical triangle bottom at around $22.00. 70% into the apex of the triangle is around mid August where the big breakout may come. I think that as more people buy and stake HYDRA the APY % goes down, but also that means more HYDRA is off the market plus the burning helps as well. I see this as only helping the price and creating scarcity.
I noticed the staking on Kucoin suddenly went from 110% to 92%. Can't see that helping the price.