10x Research: HYPE Overvalued; Traders Should Consider Taking Profits This Week

HYPE3.39%
BTC4.83%
According to 10x Research on X platform, Hyperliquid token HYPE is currently overvalued, and traders should consider taking profits and rotating into other opportunities. The research firm noted that while small-cap tokens have broken above their 30-day moving average and outperformed the broader market this week, a sign of capital rotation, Bitcoin remains in a bearish structure despite recent recovery from Federal Reserve commentary.
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