Hoppy crypto has a strongly bullish outlook for the coming weeks and targets a 48%-72% move northward based on extension levels.
has been up 48.13% since its low on Monday, the 28th of October. It maintained the strong uptrend it has been on since breaking the $0.000183 level in mid-October.8, forming the aforementioned low. Hoppy crypto is just 7.1% beneath its all-time high at $0.0003159 that was set earlier on Friday, the 31st of October.In a strongly trending market and with an asset in price discovery, Fibonacci levels can be invaluable in setting targets for traders. HOPPY saw a retracement to the 61.
This pullback allowed the RSI to reset and move toward neutral 50. In the past few days, the RSI climbed above 60 to signal strong bullish momentum behind the meme coin. The OBV has slowly trended higher to reflect steady buying pressure behind Hoppy crypto. Continued demand will likely drive the prices further higher.The Fibonacci extension targets showed that $0.000357, $0.000429, and $0.0005 are the next bullish targets for HOPPY. Given the small market cap of the meme coin, it is possible that the price could go much higher.
This would depend on the token’s popularity, social media engagement, and hype. With so many meme coins vying for attention, HOPPY is not guaranteed to go parabolic, and investors must allocate capital according to their risk appetite. Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinionAkashnath Sumukar works as a Senior Journalist at AMBCrypto. Based in Chennai, India, he has been an avid follower of the cryptocurrency market since Bitcoin’s boom and bust cycle of 2017. A graduate in Chemical Engineering, he is an expert in technical analysis.
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