HYPE's recent trend is quite interesting. After experiencing a decline, the price has recently formed a range-bound consolidation, with the $22.3 level facing obvious resistance. In the short term, the outlook is not very optimistic.



From a technical perspective, the upward momentum is still insufficient. Once it hits the support, it is highly likely to continue testing downward. The bears are gathering strength and seem ready to continue their push.

If you hold a position, you can set your stop-loss at the upper boundary of $22.5, and the target should focus on the previous low of $20.3. In the short term, the bears still hold the advantage, and this market requires patience and careful observation.
HYPE-4.59%
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DefiVeteran
· 01-24 21:45
22.3 can't be broken, this HYPE is really a bit disappointing

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Once again, the bears are gaining strength. I already cleared my position long ago and am not following this market

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Can the 20.3 low hold? It feels like it might drop again

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Stop loss at 22.5? I think I need to leave some room; this decline isn't over yet

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Every time, they say the bears are gathering strength, but it still continues downward, speechless

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Recently, this coin HYPE really has no prospects, so I'm watching for now

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Range-bound oscillation just continues like this. Be patient and wait, anyway, no short-term opportunity
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BearMarketSurvivor
· 01-24 19:00
22.3 this level really can't be broken, the bears are too fierce

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It's another choppy and frustrating move. I want to see how likely it is to drop to 20

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Stop loss at 22.5? I already exited. This rhythm clearly indicates a shakeout

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Wait, what's going on with this inability to rise? It feels like we're going to continue testing the bottom

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Honestly, this HYPE wave is a bit tough. Can 20.3 hold?

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The bears are gaining strength. I'll just watch the show patiently, no more chasing
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LightningLady
· 01-23 15:54
If the 22.3 level can't be broken, it seems like it will continue to fall... The bears are still exerting pressure, and I don't dare to buy the dip.
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AirdropCollector
· 01-22 03:49
The 22.3 resistance level indeed can't hold, and this wave of bears is likely to break through.
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ZkProofPudding
· 01-22 03:42
22.3 level is dead, can't go up. I saw it coming a long time ago, this wave of bears is gathering strength.
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0xTherapist
· 01-22 03:39
If 22.3 can't be broken, keep moving down. This bearish wave is indeed fierce.
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