HYPE is testing the crucial support zone at $40.0–$40.5, right along the ascending trendline and 200 EMA on the hourly chart.If this zone holds, we could see a rebound toward the $44.5–$46.0 resistance area.
However, a breakdown below $40.0 might trigger further downside toward the next major support at $38.0–$37.4.
Monitor closely—this zone will decide the next move.
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.
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.