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$HYPE DROPS TO $58.76 – SUPPORT ZONE APPROACHING!"
HYPE is down 6.4% today, continuing its slide from $61.70. The 2-hour chart shows a descending channel – lower highs and lower lows. RSI is at 38, still room to fall.
Support sits at $58.00. If that holds, I'd expect a bounce toward $60.50 and $62.00. A break below $58.00 would target $56.00.
The bearish structure remains intact. Sellers are still in control.
👉 $HYPE – trade the breakdown!