$HYPE After sliding from the $33 support to $26, the chart’s starting to show signs of life. Price has formed an inverse head and shoulders, tried to break the neckline once and failed, then shifted into an ascending triangle and now it’s making another attempt at a breakout.
The main concern is volume it’s still lagging Even though price reclaimed the 4H 50-SMA and is creeping above 50 RSI which can be an early sign of strength the lack of volume makes the breakout attempt less convincing.
Until that resistance breaks with conviction, it’s still just pressure building
