$HYPE Bullish Resistance Rejection
After the upward bounce that formed a local break of structure in the long, the price came to test resistance and is now seeing a local pullback.
Dynamic levels:
EMA 50 (red line) is at the $64,392 mark. It is directly below the current price and acts as the nearest dynamic support.
EMA 200 (blue line) is slightly lower—at $62,596—confirming buyer strength, since the price has held above it.
Nearest bullish order block: the green area around $60,50 – $62,50.
The lower support block: $57,20 – $59,20.
Resistance zone:
Nearest bearish order block: the red area in the $67,30 – $71,40 range, from where sellers reacted.
After the upward bounce that formed a local break of structure in the long, the price came to test resistance and is now seeing a local pullback.
Dynamic levels:
EMA 50 (red line) is at the $64,392 mark. It is directly below the current price and acts as the nearest dynamic support.
EMA 200 (blue line) is slightly lower—at $62,596—confirming buyer strength, since the price has held above it.
Nearest bullish order block: the green area around $60,50 – $62,50.
The lower support block: $57,20 – $59,20.
Resistance zone:
Nearest bearish order block: the red area in the $67,30 – $71,40 range, from where sellers reacted.