Traders Cut Leverage, Buyers Chase Cashback, and Best Crypto Presale December
The post Traders Cut Leverage, Buyers Chase Cashback, and Best Crypto Presale December appeared on BitcoinEthereumNews.com.
As HYPE trades below $25.00, attention across the crypto market is turning toward early-stage opportunities such as the Digitap ($TAP) presale, which has raised over $2.7 million despite a lack of bull market excitement. Hyperliquid (HYPE) has entered a bearish phase after a strong performance earlier this year. According to CoinMarketCap, HYPE peaked between $60 and $70 in mid-2025 but has since declined sharply amid the current bearish waves. HYPE traders are now doing damage control and are parking their portfolios in safe havens that maintain value during bear markets. One coin leading the way is Digitap ($TAP) as its presale has logged multiple price increases during the October crash. Additionally, it has also raised over $2.7 million before its live Christmas promotion, which offers mega bonuses to new Digitap investors. That’s why it’s being increasingly touted as the best crypto presale in December. HYPE Falls Below Its Rising Trendline Price source: Brave New Coin HYPE market data Following a strong market performance that saw HYPE peak between $60 and $70, HYPE’s price has dropped below its rising trendline. The most recent weekly candle is around $25.04, which marks an approximate 14% drop on the charts, suggesting growing selling pressures. Notably, HYPE technicals further reinforce these sentiments. The altcoin has dropped below its Fibonacci support at both 0.382 and 0.5, areas that have prevented the Hyperliquid price from reversing. However, it’s above 0.236, which is the last level before a complete retracement. If HYPE fails to maintain this level, it will drop towards the lower $20s or even pare off recent gains. Meanwhile, Hyperliquid faces upper band resistance at $35 and $45. Therefore, a pullback might become a correction but not a full recovery. Additionally, momentum indicators also cement bearish waves. Its RSI is around 37, and does not reflect any…
