$HYPE is trading inside a rising channel. Two scenarios can be played out here:
1️⃣Bullish bias if price breaks above the channel and retests it, with target of $100
2️⃣Bearish bias if price breaks below the channel and retest it, with target of $68.3
Bearish bias would be highly likely to play next week as we can seen RSI slowing down and soon a deviation with bearish divergence will confirm it too.
Next week will be crucial as it will determine where $HYPE wants to go.
1️⃣Bullish bias if price breaks above the channel and retests it, with target of $100
2️⃣Bearish bias if price breaks below the channel and retest it, with target of $68.3
Bearish bias would be highly likely to play next week as we can seen RSI slowing down and soon a deviation with bearish divergence will confirm it too.
Next week will be crucial as it will determine where $HYPE wants to go.