HYPEUSDT.P has pulled back to a critical support zone near $36.00 while staying inside a falling channel. Previous triangle and sideways zones preceded major breakouts, and the current setup could be a repeat. A breakout above $40.00 would shift structure bullish again.Trade active
HYPEUSDT on the 4h chart is consolidating in a sideways accumulation zone following a sharp sell-off. Historical patterns show similar structures leading to breakouts, and the current price is forming higher lows. As long as the price remains above the 36 support region, an upward push toward 42+ is likely.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.