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MARKET UPDATE: $HYPE
$HYPE still respecting the daily ascending trendline that we previously marked.
After the impulsive move toward the $35–$38 region, price has been consolidating and compressing around $30–$31. Despite the pullback, the structure remains constructive while the trendline and the ~$29–$30 zone hold.
A clean breakdown below that area would shift momentum and open room for a deeper correction. Until then, this looks like consolidation within an overall higher-low structure.
#WhenisBestTimetoEntertheMarket #HYPE $HYPE
$HYPE still follows the daily uptrend line we previously marked.
After the push to the $35–$38 region, the price has been consolidating and compressing around $30–$31. Despite the pullback, as long as the trend line and the approximately $29–$30 region hold, the structure remains constructive.
If the price clearly breaks below this area, it will change the momentum and open the door for a deeper correction. Until then, it looks like consolidation within a higher low structure overall.
#WhenisBestTimetoEntertheMarket #HYPE $HYPE