$HYPE is trying to bounce after heavy selling pressure.
Price sits at $55.219, down -10.17%, after dropping from the $56.317 zone and sweeping near $54.476. The 15m chart shows a clean recovery candle from the low, but price is still below the stronger resistance area, so this is a bounce setup, not full bullish control yet.
Order book is strongly bid-heavy with 81.07% bid vs 18.93% ask, which shows buyers are defending hard around this zone. The key level now is $55.60. Reclaim that, and $HYPE can push back toward the upper range. Fail here, and price can retest the low again.
Trade Setup
Entry Zone: $55.00 – $55.25
Target 1 🎯 $55.60
Target 2 🚀 $56.00
Target 3 🔥 $56.31
Stop Loss: $54.47
Above $55.60, $HYPE can build a stronger recovery. Break $56.31, and momentum flips cleaner. Lose $54.47, and sellers take control again. Let’s go and trade now.
