Is It Too Late To Buy HIPPO? Sudeng Price Skyrockets 48%

Following the double top, the price entered a bearish channel characterized by a sequence of lower highs and lower lows. This channel shows a general downtrend, indicating that the selling pressure is consistent.

Volume is also a critical indicator here. It shows some decrease during the development of the bearish channel, which indicates less enthusiasm for buying. The price is near the channel’s top but has yet to make a decisive breakout.

The relative strength index trades below the 50 midline level, indicating a bearish trend for the Sudeng price. If the momentum continues downward, the RSI could reach the oversold level of 30, where the bulls could begin regaining strength to drive the price upwards.

If the price breaks above the channel and holds, it could indicate a reversal. Otherwise, continuation within the channel would mean further downside.

Sudeng Price Prediction

The price is trading at approximately $0.01187 and appears to follow a bearish trend due to the double-top pattern and the bearish channel. The price will likely continue to trend lower within the bearish channel in the short term, potentially testing support levels around $0.01100 or even lower.

However, a bullish breakout is possible if the price breaks above the upper trendline of the bearish channel, which is currently around the $0.01210 level. If that happens, it could signal a potential reversal of the downtrend, and the price may move toward the next resistance level at $0.01312 or higher.