$HYPE – Momentum showing signs of exhaustion

$HYPE is starting to show a clear momentum fade. Every attempt to secure a daily close above $35 has been sold into, leaving long upper wicks and consistent sell pressure on each push.

Bulls need a strong spring-style reaction here. Structure only stabilizes if price can quickly reclaim $31 and force shorts into a squeeze.

If $28.50 gives way, the +90% expansion from the lows likely signals exhaustion and opens the door for a deeper unwind.

HYPE
HYPEUSDT
68.93
+1.48%