🚨 $HYPE Analysis: Bears Still Dominate! 📉
HYPE remains in a strong bearish trend across the 4H and 1H timeframes, with price trading below all major EMAs. Although RSI is deeply oversold, any recovery is likely to be a short-term relief bounce unless key resistance is reclaimed.
📍 Resistance: $59.30–$59.85 → $60.68–$61.20
📍 Support: $57.93 → $56.50 → $55.00
⚠️ A break below $57.93 could trigger another selloff toward $56.50–$55.00, while a 1H close above $59.85 would be the first sign of bullish recovery.
Current Bias: Bearish 📉 with a chance of a short-term oversold bounce.$BROCCOLIF3B $BANK
#Hyperliquid #hype
HYPE remains in a strong bearish trend across the 4H and 1H timeframes, with price trading below all major EMAs. Although RSI is deeply oversold, any recovery is likely to be a short-term relief bounce unless key resistance is reclaimed.
📍 Resistance: $59.30–$59.85 → $60.68–$61.20
📍 Support: $57.93 → $56.50 → $55.00
⚠️ A break below $57.93 could trigger another selloff toward $56.50–$55.00, while a 1H close above $59.85 would be the first sign of bullish recovery.
Current Bias: Bearish 📉 with a chance of a short-term oversold bounce.$BROCCOLIF3B $BANK
#Hyperliquid #hype