$HYPE is pulling back into a key demand zone around the $60-$61 region after a sustained decline from recent highs.
This area previously acted as a launchpad for a strong bullish move, making it an important level for buyers to defend.
The current retracement looks like a healthy correction into support rather than a complete trend reversal. If the demand zone holds, #hype could regain momentum and begin a move back toward the $68-$70 resistance area.
The next reaction at support will be crucial.
A strong bounce from this region would reinforce the bullish structure and increase the probability of another leg higher.
HYPEUSDT
Trvl
62.19
-6.42%