HYPERLIQUID $HYPE REJECTING UPPER BOLLINGER BAND RESISTANCE! ARE BEARS TARGETING $88.30 NEXT?
Pair: $HYPE /USDT
Direction: SHORT
Entry Price: 92.848
Target Levels (Take Profit)
TP 1: 91.144 1.84%
TP 2: 90.008 3.06%
TP 3: 88.304 4.89%
Stop Loss
SL: 95.12
Technical Breakdown
HYPE ($92.861) experienced an aggressive bullish run toward local resistance near $94.00 before encountering sell-side pressure. The latest bearish candle confirms upper-wick rejection, signaling a potential retracement back into previous consolidation zones.
Price action is pulling back beneath short-term MA 7 (~93.00) and moving toward intermediate support at MA 25 (~91.20). The long-term baseline MA 99 (~89.20) aligns closely with the major TP3 target area, offering a logical mean-reversion magnet.
RSI (14) tapped overbought territory above 80.00 and has curled downward toward 60.00, confirming a deceleration in buying momentum. The MACD histogram volume is contracting while MACD signal lines begin to roll over at elevated levels, supporting a short-term correction phase.
$HYPE
Pair: $HYPE /USDT
Direction: SHORT
Entry Price: 92.848
Target Levels (Take Profit)
TP 1: 91.144 1.84%
TP 2: 90.008 3.06%
TP 3: 88.304 4.89%
Stop Loss
SL: 95.12
Technical Breakdown
HYPE ($92.861) experienced an aggressive bullish run toward local resistance near $94.00 before encountering sell-side pressure. The latest bearish candle confirms upper-wick rejection, signaling a potential retracement back into previous consolidation zones.
Price action is pulling back beneath short-term MA 7 (~93.00) and moving toward intermediate support at MA 25 (~91.20). The long-term baseline MA 99 (~89.20) aligns closely with the major TP3 target area, offering a logical mean-reversion magnet.
RSI (14) tapped overbought territory above 80.00 and has curled downward toward 60.00, confirming a deceleration in buying momentum. The MACD histogram volume is contracting while MACD signal lines begin to roll over at elevated levels, supporting a short-term correction phase.
$HYPE
