📉 $HYPE — Cooling Off or Crashing Harder?

Current price: 57.878 (-4.61%)

24h range: 56.661 ↔ 61.172

Indicators say:

· RSI 21 → deeply oversold, bounce overdue

· MACD negative (-0.094) → still some selling pressure

· KDJ J at 0.75 → extremely stretched to the downside

· OBV negative → money still flowing out

My take:

Dropped from 61.17 to 56.66. If 56.66 holds, a relief bounce to 59.50 → 61.00.

If 56.50 breaks, next stop 54.00.

Play:

Long on hold above 58.50, stop 56.50, TP 59.50 → 61.00

Short on break below 56.50, target 55.00 → 54.00.

HYPE
HYPEUSDT
58.14
-0.96%

Verdict: Oversold but weak. Let it prove a bottom first.