$HYPE Breaks Bearish Structure After Demand Defense
HYPE has reacted strongly from its demand zone after an extended bearish move, signaling potential trend exhaustion. Price swept liquidity below prior lows and immediately followed with a sharp bullish expansion, reclaiming a key descending resistance. This move confirms buyer presence and shifts short-term structure in favor of the upside.
The current pause above reclaimed levels suggests the market is building strength rather than distributing. If price continues to respect this zone, the next logical target lies within the upper supply region aligned with prior highs.
The structure now supports a bullish continuation scenario, provided the reclaimed level holds as support.