Despite the bullish market structure and trend, the next move might take some time to develop.
The RSI has formed a bearish divergence with the price, signaling a rejection from the resistance level.
Hoppy’s volume bars demonstrate a lack of buying volume, indicating that holders could wait for a deep retracement to buy more of the coin. The surge is largely attributed to the meme coin phenomenon, which focuses on community growth and token holding rather than technical aspects.
Hoppy token, a low-cap meme coin, has surged 96% in a week, reaching an all-time high.
