$HYPE is still trading inside a tightening 8H structure, with price now back around $29.2 after a strong bounce from the mid $25s. The key point is that we’re pushing into the upper downtrend resistance again, so this is where moves either get accepted and continue, or get rejected and rotate back down.
As long as HYPE holds $27.5, the rebound structure stays healthy and a clean push above $29.5–$30.0 opens room toward $32.0. If we lose $27.5, the next support to watch is $26.5, and losing that puts $25.5 back on the table.
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$HYPE is still trading inside a tightening 8H structure, with price now back around $29.2 after a strong bounce from the mid $25s. The key point is that we’re pushing into the upper downtrend resistance again, so this is where moves either get accepted and continue, or get rejected and rotate back down.
As long as HYPE holds $27.5, the rebound structure stays healthy and a clean push above $29.5–$30.0 opens room toward $32.0. If we lose $27.5, the next support to watch is $26.5, and losing that puts $25.5 back on the table.
$HYPE