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$HYPE — Bears squeezed as bullish momentum strengthens.
Long $HYPE
Entry: 66.80 – 67.80
SL: 64.50
TP1: 70.00
TP2: 74.00
TP3: 80.00
A fresh $1.21K short liquidation just hit HYPE at $67.597, forcing bearish traders to cover positions as price pushed higher. While the liquidation size is modest, it reinforces the ongoing bullish structure and signals that sellers continue to face pressure.
Price is holding above key support levels and attracting steady buying interest on pullbacks. The forced buying generated by liquidated shorts adds additional momentum to the move, helping sustain the current uptrend.
If HYPE maintains the 66.80–67.80 support zone and breaks above 70.00 resistance, momentum could accelerate toward higher targets. With bears being squeezed and market sentiment improving, the path of least resistance remains firmly to the upside as buyers continue controlling the trend.