$HYPE Multiple attempts to break through 71.3, but resistance above, with concentrated short-term profit-taking and stop-loss orders, caused buying momentum to weaken, pushing the price back below 70. The closing price is significantly away from the intraday high, indicating that the selling pressure in the 71.3~71.5 range is very solid. The short-term bulls' single attempt to break through failed, and two consecutive attacks on the 71.3 resistance also failed. The last two four-hour candles show a long upper shadow after a spike and pullback, confirming that 71.3 is a short-term strong resistance. If multiple attempts to break 71.3 fail and the bulls remain weak, a break below the lower boundary of the box at 65.618 support could open the downside space. Next supports are at the 62 and 60 integer levels. If the four-hour chart effectively holds above 71.5 and volume increases, turning resistance into support, the bullish trend restarts. If repeated attempts to push higher result in long upper shadows, maintaining a sideways outlook, and without strong new capital inflows, breaking through 71.3-7.15 will be very difficult.

HYPE1.63%
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