HYPE is testing the crucial support zone at $40.0–$40.5, right along the ascending trendline and 200 EMA on the hourly chart.
If this zone holds, we could see a rebound toward the $44.5–$46.0 resistance area.
However, a breakdown below $40.0 might trigger further downside toward the next major support at $38.0–$37.4.
Monitor closely—this zone will decide the next move.
