$HYPE Previously, there was a rising wedge structure, with highs gradually increasing but the range narrowing, and bullish momentum clearly weakening. The current price has broken below the lower trendline of the wedge and has shown a pullback, but has failed to re-establish above the trendline, confirming that the support below has turned into resistance.

The current price is consolidating in a narrow range around 43.55, with resistance above focusing on the 43.80-44.00 area. If it rebounds to this point and faces pressure again, it will further confirm the bearish structure. The initial support below is at 43.00; if it breaks below, it will look towards 42.50 or even lower.

Wedge breakdown + pullback not holding = typical bearish signal. In terms of operations, one can attempt to short lightly based on the resistance level, with strict risk management. 📉#美国初请失业金人数低于预期
{future}(HYPEUSDT)