$HYPE is down over 10%, and bearish momentum remains strong.


As long as price stays below the $60-$62 resistance zone, sellers are likely to remain in control, keeping the risk of further downside elevated.

Key Level:
🔹 Resistance: $60-$62
🔹 A breakout above this zone could shift momentum bullish.

🔹 Rejection below it keeps the bearish bias intact.

Stay patient, wait for confirmation, and always manage your risk.

#SummerCreationCamp
HYPE-2.01%
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MacroStoryBreaker
· 1h ago
Judging from this setup, shorting is safer than going long, but keep your position light.
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TrendBreaker
· 1h ago
Each rebound keeps getting capped by the 60–62 resistance zone, indicating strong bearish pressure and insufficient bullish confidence. In this situation, don’t rush to bottom-fish—wait until the price truly breaks through and holds above the resistance area, and also see trading volume expand before considering a long position. Before that, when the rebound reaches near the resistance zone, shorting is more reliable; set a stop-loss above the level, and target the prior low.
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SatoshiStat
· 2h ago
If 60-62 can’t be broken through, it will keep falling—don’t rush to buy the dip.
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TrendlineFollower
· 2h ago
It’s dropped so much, and we still need to wait and see.
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