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$HYPE — Bears are getting squeezed at key resistance.
Long $HYPE
Entry: 59.00 – 60.20
SL: 56.50
TP1: 63.00
TP2: 67.00
TP3: 72.00
A fresh $2.58K short liquidation just hit HYPE at $59.94, forcing bearish traders to cover positions as price pushed higher. The squeeze confirms strengthening bullish momentum and signals that sellers are struggling to maintain control of the short-term trend.
Price is holding firmly above key support levels while continuing to attract buyers on pullbacks. The latest liquidation adds fresh buying pressure to the market, often creating the fuel needed for a sustained breakout when momentum is already building.
If HYPE maintains the 59.00–60.20 support zone and breaks above 63.00 resistance, momentum could accelerate rapidly toward higher targets. With shorts being forced out and bullish sentiment strengthening, the path of least resistance remains to the upside as buyers continue dominating price action.