Sly010

$HYPE has been maintaining a strong bullish market structure, printing a series of higher highs and higher lows while respecting the ascending trendline support.

The recent impulse move pushed the price into a major resistance and potential reversal zone around the $74 region, where profit-taking pressure could emerge.

While the chart is showing signs of being overextended, market sentiment remains mixed.

Interestingly, recent data indicate a decline in TVL accompanied by exchange outflows. Historically, sustained exchange outflows can reduce immediate selling pressure, which may support another bullish leg before a deeper correction occurs.

#hype