$HYPE /USDT ‌

$HYPE is trading around $55.18, down approximately 4.91% in the last 24 hours, after falling from the $60.41 region. The price has already tested a daily low near $54.03, showing that sellers are still controlling the broader short-term trend.

On the 1H timeframe, HYPE continues to print lower highs and lower lows. The latest strong green candle shows buyers attempting to defend the $54.00 support zone, but this bounce could simply be a temporary relief move unless the price reclaims the key resistance area around $55.80–$56.20.

The immediate level to watch is $55.20–$55.60. A rejection from this zone could trigger another wave of selling, with bears targeting the recent low first. If $54.03 breaks with strong volume, the decline could accelerate toward the lower support around $53.40.

Trade Setup — Short

• Entry Zone: $55.20 – $55.60
• Target 1 🎯: $54.70
• Target 2 🎯: $54.05
• Target 3 🎯: $53.40
• Stop Loss: $56.15

The bearish setup remains active while HYPE stays below $56.15. However, a strong hourly close above this level with rising volume would invalidate the short setup and could open the door for a recovery toward $57.20 and possibly $58.40.

Right now, the bounce looks aggressive—but the trend has not officially reversed. The next rejection or breakout could determine whether HYPE stabilizes here or experiences another sharp crash. Trade carefully and protect your capital.

#USD1StakingEarnUpTo8%APR #GateCardUpTo8%Cashback #MinnesotaPredictionMarketBanBlocked #GUSDYieldRisesto3.8% #KOSPIPlunges9%