$HYPE : The Sell-Off May Be Setting Up Its Next Big Move
Hyperliquid has taken a serious hit, sliding from nearly $97 into the $70 range. But instead of assuming the rally is over, I’m watching closely for signs that sellers are losing control.
The key level is $77.46. This is where the next major battle between buyers and sellers could unfold.
On the 4H chart, RSI is deeply oversold, while MACD is beginning to show improving momentum. Price has also bounced from its recent bottom and is attempting to establish a stronger foundation.
However, a recovery needs confirmation. Buyers must defend the current zone, establish a higher low, and reclaim the 200 EMA near $82.72 with convincing volume.
If momentum builds, my upside levels are:
- $81.82 – First recovery objective.
- $86.02 – Second major target.
That represents approximately 5.6% and 11% upside from the $77.46 reference level.
But there is a clear invalidation point: losing $77.46 without a quick recovery could expose HYPE to another test of $74.41.
I’m not interested in chasing a random green candle. I want structural confirmation, stronger buying activity, and a properly defined stop-loss before considering an entry.
My take: HYPE still has an interesting recovery opportunity, but the next decisive move must come from genuine buying pressure. Until then, patience matters more than prediction.
$HYPE #BinanceReopensWithdrawalsForHYPE&APT #SouthKoreaDraftLawTargets15To20%ShareholderCap #KeplrAdvisesSocialLoginUsersToTransferAssets
Hyperliquid has taken a serious hit, sliding from nearly $97 into the $70 range. But instead of assuming the rally is over, I’m watching closely for signs that sellers are losing control.
The key level is $77.46. This is where the next major battle between buyers and sellers could unfold.
On the 4H chart, RSI is deeply oversold, while MACD is beginning to show improving momentum. Price has also bounced from its recent bottom and is attempting to establish a stronger foundation.
However, a recovery needs confirmation. Buyers must defend the current zone, establish a higher low, and reclaim the 200 EMA near $82.72 with convincing volume.
If momentum builds, my upside levels are:
- $81.82 – First recovery objective.
- $86.02 – Second major target.
That represents approximately 5.6% and 11% upside from the $77.46 reference level.
But there is a clear invalidation point: losing $77.46 without a quick recovery could expose HYPE to another test of $74.41.
I’m not interested in chasing a random green candle. I want structural confirmation, stronger buying activity, and a properly defined stop-loss before considering an entry.
My take: HYPE still has an interesting recovery opportunity, but the next decisive move must come from genuine buying pressure. Until then, patience matters more than prediction.
$HYPE #BinanceReopensWithdrawalsForHYPE&APT #SouthKoreaDraftLawTargets15To20%ShareholderCap #KeplrAdvisesSocialLoginUsersToTransferAssets