$HYPE saw a big long liquidation at 27.59754 which is a meaningful number considering the size of the notional. Longs clearly overextended into resistance and the market punished late entries.
Current state
Price is moving slightly below that zone in the 27.20 to 27.50 range with wide wicks and strong volatility.
Key support
Near term support sits at 26.50.
Major support is around 25.80 where the last solid base was built.$HYPE #
HYPEUSDT
Perp
29.17
-1.58%
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