Currently, the outcome in the perpdex track is already apparent, $HYPE is the absolute king, while $ASTER in a bear market does not need attention. I will focus on analyzing my expectations for the decline of HYPE and the bear market bottoming points.
First, looking at the weekly chart, in the downtrend view, you will find that the 9 line has already dropped to negative, which can be ignored as it is the result of a custom formula and is not very meaningful. The truly useful indicators are 7 and 8, corresponding to prices around 13.1 and 6.5, these two positions are in an extremely pessimistic range.
Looking further back at the second weekly inflection point, the downward target has actually been indicated, roughly around 19 and 14, these two positions are obvious phase support zones. Switching to the daily chart makes it even clearer, with short-term inflection points concentrated around 23.4 and 19.5, especially around the previously spiked 20. If it gets pierced again, absorbing a wave of panic and stop-loss orders, a rebound is very reasonable, as there is much liquidity below.
However, if the rebound completes without a trend reversal, we will need to look at the true bottom range. According to the daily structure, deeper targets for HYPE will basically be around 14 or even 12. This is the mid-term expectation for the 'bottom', and discussions about layout will be more meaningful there, with a better risk-reward ratio. In summary: there is a rebound demand around 20, this position can be used for short-term trades, while for long-term bottom fishing, we will look at the 14-12 range.
{future}(AVNTUSDT)
