$HYPE
The first market cycle managed a 73% decline from the highs, the second is sitting at 65% decline.
Generally speaking the declines for these new technology~ altcoins is less each markect cycle as more of the coins move to new investors.
That being said we might be bottoming out around this region.
We've seen a multi month declines from the peak mania volumes and the long downtrend is breaking and retesting.
Its also sitting back at its previous support at the 20$ region.
The rsi and macd have high time frame divergences in the works aswell...
All in all looks like a good place to be averaging into spot positions for the next cycle.
This one in particular has incredible long term utility given the potential for growth in the tradfi/crypto perpetual futures sector.
Multiple thousands per hype long term is possible.
