📉 $HYPE lost its support zone right after a failed breakout. Bull trap, or just a shakeout? 🤔
📊 1D chart
1️⃣ Double-top shape near the September peak. The second push spiked, then got rejected hard 🧲
2️⃣ Price sliced through the support band and now trades below it, so old support is now resistance 🧱
3️⃣ Williams %R is deeply oversold, so a bounce is likely. A bounce into the zone isn't a reversal until price reclaims it 🔄
🏗️ Hyperliquid routes about 99% of fees into HYPE buybacks, over $1.16B so far 💰 It was 10th by market cap in late October with about $11B open interest 🏆 But rivals are closing in, and buybacks slow selling without reversing a falling market ⚠️
🎯 Reclaim the zone and bulls are back. Get rejected and a lower low is next.
💬 Fake breakout or healthy shakeout? 👇
➕ Follow for more
#StrategyMetaplanetLoseMSCIIndexMembership #HotCPIDecemberHikePriced #CoreWeaveJumps10%On168%RevenueGrowth
📊 1D chart
1️⃣ Double-top shape near the September peak. The second push spiked, then got rejected hard 🧲
2️⃣ Price sliced through the support band and now trades below it, so old support is now resistance 🧱
3️⃣ Williams %R is deeply oversold, so a bounce is likely. A bounce into the zone isn't a reversal until price reclaims it 🔄
🏗️ Hyperliquid routes about 99% of fees into HYPE buybacks, over $1.16B so far 💰 It was 10th by market cap in late October with about $11B open interest 🏆 But rivals are closing in, and buybacks slow selling without reversing a falling market ⚠️
🎯 Reclaim the zone and bulls are back. Get rejected and a lower low is next.
💬 Fake breakout or healthy shakeout? 👇
➕ Follow for more
#StrategyMetaplanetLoseMSCIIndexMembership #HotCPIDecemberHikePriced #CoreWeaveJumps10%On168%RevenueGrowth
