🔥 $HYPE is Primed for a Drop! 📉

Price action on $HYPE is screaming bearish. Lower highs and lows are firmly in place, and that recent impulsive candle? Pure selling pressure.

The 27.5–28.0 zone tried to offer a bounce, but it was swiftly rejected – a clear sign sellers are still dominating. Currently trading around 25.76, and we haven’t seen any convincing bullish fightback yet. 🐻

Key levels to watch: resistance at 26.80–27.20 and strong supply at 27.80–28.20. Downside targets include 25.50, 24.80–24.50, and potentially 23.80 if the selling intensifies.

As long as $HYPE stays below 27.20, favor shorts. Any rallies are likely just selling opportunities. A break above 28.20 would invalidate this setup.

#CryptoTrading #TechnicalAnalysis #Bearish #HYPE 🚀

HYPERUSDT

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