🔹️💥🔹️$HYPE is sitting at one of the most important levels on its chart right now.

After breaking above a major multi-month resistance zone, HYPE is now trading around $59.5, pulling back to retest the same area that previously capped price between $50 and $54.

This is exactly where trends are often confirmed or rejected.

If buyers continue defending this former resistance as new support, the current pullback could simply be a healthy retest before the next leg higher. A successful hold would keep the broader uptrend intact and increase the probability of another move into new highs.

The level I'm watching is $48.

A decisive weekly close below that area would weaken the bullish structure and suggest the breakout has failed. Until then, the trend still favors the bulls.

For now, this isn't about chasing price, it's about seeing whether HYPE can prove that old resistance has truly become new support.

#SummerCreationCamp

$HYPE ‌