⚠️ $HYPE Losing Momentum — Bearish Continuation In Play?
HYPEUSDT
Perp
38.18
-3.22%
faced a strong rejection near the 40.0 resistance zone, forming a clear lower high and shifting structure bearish on the lower timeframe.
After the rejection, price entered a steady downtrend with consistent selling pressure, indicating weakness from buyers. The current price is now hovering around the 38.7 support zone.
This level is crucial — if it breaks, we could see a continuation move toward lower liquidity zones. However, a strong bounce from this area may lead to a short-term relief rally.
As long as price remains below 39.8–40.0, the overall bias stays bearish. Bulls need a reclaim above this zone to regain control.
Watch closely for breakdown or bounce reaction at current support.