$HYPER

Detaile analysis based on the HYPER/USDT daily candlestick chart:

HYPER/USDT Daily Chart Analysis – Testing Key Fibonacci Levels

The daily candlestick chart of HYPER/USDT on Binance shows a recent attempt at stabilization after a sharp decline. After multiple large red candles signifying heavy selling pressure, today’s green candle indicates a potential bullish reversal or at least a pause in the downtrend.

The Fibonacci retracement tool is applied from the high of around $0.2268 to the low near $0.1933. Here’s how the levels align:

0.236 Fibonacci Level at $0.2006 acted as the first support.

0.382 Fibonacci Level around $0.2062 is currently being tested.

0.5 Fibonacci Level at $0.2100 and 0.618 Level at $0.2133 remain key resistance zones if the price attempts a stronger recovery.

Currently, the price is at $0.2064, trying to break above the 0.382 retracement. A successful close above this level could open the path for a move towards the $0.2100-$0.2130 region.

Key Observations:

Short-term Recovery: Green candle today suggests bulls are trying to regain control.

Volume: Volume is stable, but not explosively high, indicating cautious buying interest.

Fibonacci Resistance: Strong resistance lies near the 0.5 and 0.618 levels, meaning HYPER must maintain momentum to flip the trend.

Critical Support: If the price falls back below $0.2000, bearish pressure could resume toward $0.1930.

Conclusion:

HYPER/USDT is at a critical decision point. Breaking and holding above the 0.382 level ($0.2062) would favor a short-term bullish continuation. However, rejection from this zone could bring back selling pressure. Traders should watch the $0.2100-$0.2130 area closely for further confirmation of strength.