$HYPE : Approaching Major Support After an Extended Flush



​The price of Hyperliquid ($HYPE) is currently trading at $41.030, down -9.94% over the daily session. On the 1-hour chart, the asset has trended lower from its local peaks and is aggressively probing its lower 24-hour boundaries, searching for a demand floor where the sell-off can stabilize.

​Long $HYPE

​Entry Zone: $40.800 – $41.300

​Stop Loss (SL): $39.500

​Target 1 (TP1): $42.500
​Target 2 (TP2): $44.000
​Target 3 (TP3): $46.000

​Market Analysis
​$HYPE has experienced a persistent downward drift after facing supply near its local daily highs. The asset is now hovering just above its current 24-hour low of $40.952. This consecutive drop has extended price action into an oversold technical pocket, historically prime for a relief or short-covering bounce if the psychological $41.000 area holds firm.

#GateSquareMayTradingShare
HYPE-7.6%
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