$HYPE is in a corrective phase after a strong rejection from the 28.3–28.8 supply zone.
Price sold off sharply and found temporary support near 23.65 where buyers reacted, triggering a small bounce. This move looks like short-term stabilization after heavy distribution, not a confirmed trend reversal yet. Momentum remains weak and sellers still have control overall.
Preferred Buy Area
24.0 – 23.6
Upside Levels
TP1 25.2
TP2 26.5
TP3 28.0
Risk Line
23.2
As long as HYPE holds above the 23.6 support zone, a relief recovery toward the breakdown area is possible. Sideways consolidation here would help reduce selling pressure. A clean break below 23.2 would confirm bearish continuation and open room for further downside before any meaningful recovery attempt.
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HYPEUSDT
Prep
22.91
-7.41%