$HYPE /USDT — Uptrend Under Pressure | Key Support Now Being Tested
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✔︎ $HYPE is trading at $66.19, down 11.19% today.
✔︎ Price recently reached $75.87 before facing aggressive selling.
✔︎ The broader trend remains bullish with +113% gains over 90 days.
◆ Technical Analysis
➤ Long-term structure remains positive.
➤ Price has fallen below MA5 ($71.19), MA10 ($71.38), and MA20 ($71.99).
➤ This is the first significant bearish alignment seen in weeks.
➤ The latest red candle reflects meaningful selling pressure.
◆ Scenario Analysis
🟢 Bullish
➜ Holds the $65–$66 zone and reclaims $71.
🔴 Bearish
➜ Breaks below $65 and targets the $60 support region.
⚪ Neutral
➜ Consolidates between $65–$70 before trend continuation.
◆ Key Levels
➤ Resistance ①: $71
➤ Resistance ②: $75.87
➤ Support ①: $65.35
➤ Support ②: $60.00
◆ Context
✔︎ A Hyperliquid trader was reportedly liquidated for more than $16.3M.
✔︎ Token unlock activity may also be weighing on sentiment.
◆ Outlook
➜ Bulls must defend the $65 support region.
➜ A decisive close below support could trigger a deeper correction.
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