#HYPE is at a crucial decision point after a strong recovery from support.

The recent bounce from the $55 demand zone confirms that buyers are still defending the broader bullish structure, but price is now approaching an area where previous rallies have struggled to sustain momentum.

The chart suggests a classic relief rally into resistance. If sellers step in around current levels, $HYPE could revisit lower support zones to gather liquidity before attempting a larger move higher.

However, if bulls manage to break and hold above the $64 resistance region, the door opens for a continuation toward the $70+ range

Right now, the market is testing whether this bounce is the start of a new uptrend or simply a temporary recovery within a larger correction. #HyperLiquid #DeFi