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$HYPE has officially broken its bullish market structure.
Momentum is weakening, while the higher timeframe support zone is still below current price.
The first major area to watch is around $50.
That's where the ascending trendline meets the 200 EMA, creating a potential confluence zone for buyers.
If the decline continues, this could be the first area where meaningful demand appears.
#PreIPOsSeason2OpenAISubscription
#GateDEXIntegratesWithRobinhoodChain