Hyperlane Short-Term (134% Profits Potential)Hyperlane (HYPERUSDT) produced a v shaped bottom recently as it broke out of a major downtrend. This chart is not very strong as there isn't much volume but the action is already happening above EMA55 which is a strong bullish signal.
The low volume signal can be ignored because price action is more important when it comes to reading a chart. Volume can be low, or high, for a number of reasons. The volume indicator can be a great tool but it doesn't work without a context and it can be easily misinterpreted.
We can use it to support other signals but never in isolation nor to make a decision based on what the trading volume of a pair is doing.
Current price action, the break above this mid-term moving average, marketwide action and Bitcoin trading above $100,000 are all bullish signal. So we can easily make the assumption that HYPERUSDT will continue to grow. Not that it will grow, but that this is the most likely scenario in the coming weeks and months.
Market conditions can always change and they already changed from bearish to bullish last month. it will take a while before the market goes back into bearish mode. A bullish cycle can last anywhere between 6 to 12 months.
Namaste.
