🚨 Technical analysis for the currency $HYPE | Daily frame

🔹 Current price: 27.86$

– The overall trend is down on the larger frame.

– The price has strongly rebounded from a strong demand area near 21.5 – 22.0$.

– It is currently facing a supply area at 29.5 – 30.0$.

– Breaking the last peak is required to confirm the trend reversal.

– The RSI indicator is improving and moving above 45 → relatively positive momentum.

🔼 Positive scenario (upward):

Staying above 30.00$

🎯 33.00$ – 36.50$ – 40.00$

🔽 Negative scenario (downward):

Breaking 22.00$

❌ 20.50$ – 18.00$

⚠️ Disclaimer: This analysis is for educational purposes only and does not represent financial advice.