This Altcoin Just Triggered A Head And Shoulders Apocalypse
$HYPE is trading on a knife-edge after confirming a massive Head-and-Shoulders breakdown. The neckline was rejected violently, leaving the valuation cemented near the $29 technical support zone. Technical bias is overwhelmingly bearish; sellers are aggressively defending the former support block at $33.72. Adding fuel to the fire, recent token unlocks and a $2.2M team wallet shift have increased supply pressure. While Open Interest (OI) is spiking—a potential sign of future recovery—the immediate path leads lower. If this level fails, look for the first major demand shock at $24.34, with a deeper extension toward $16.75. The directional flow favors downside until buyers reclaim structural levels. $ZEC is showing similar weakness.
This is not financial advice.
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