$HYPE Three consecutive bearish candles.
From 95.267 on October 5 to 87.389 now, it’s down 8.3% in three days. Not exactly a rapid plunge, but every hit lands hard.
——
Chart signals.
The latest 4-hour candle closed at 87.385, just 0.27 above the 24-hour low of 87.12. It’s practically on the floor. Three bearish candles in a row, each with a short lower wick. It’s not that the bulls haven’t tried to fight back. They just don’t have the strength.
But there’s one detail: the volume ratio on the last candle was 0.94, below the average of the previous 20 candles. As the price fell to support, selling actually eased. The bears may be nearing the end of their run.
——
Market sentiment.
The funding rate is 0.0012%—almost zero.
What does that tell us? The bulls aren’t piling into leveraged positions, and the bears aren’t putting money into shorting either. At this level, the market has chosen to sit things out.
The upside of this is that a rebound wouldn’t face much selling pressure from shorts closing their positions. The downside is just as clear: with no major bulls defending the price, if 87.12 breaks, stop-loss orders will trigger on their own.
——
Whale activity.
There were three clear volume spikes on the 4-hour chart.
First, at noon on October 5: 186.8M. The price surged from 93.5 to 92, then recovered to close at 92.6. Someone was selling into the rally.
Second, at midnight on October 7: 143.8M. One large bearish candle drove the price straight down from 91.9 to 90.8. Big money was pulling out.
Third, at noon on October 7: 145.3M. The price fell from 89 to 88.5.
Three high-volume bearish candles. The big-money sell-off is clear: 92, 90, 88—dumping all the way down.
But volume has started to shrink on the latest candle: 86.9M. The sell-off may be nearing its end—or it may not be over yet. Watch whether 87.12 holds. If it doesn’t, another wave could follow.
——
Volume and price structure.
From 95.267 to 87.4, overall volume declined as the price fell. The last volume spike was the bearish candle at noon, at 145.3M. After that, volume contracted to 86.9M.
Price down, volume down. Textbook analysis would say selling pressure is nearing exhaustion. But until we see a high-volume bullish candle, we can’t call it a confirmed bottom.
I’ve seen too many “bottom on declining volume” setups followed by another high-volume bearish candle. No rush. Wait for confirmation.
——
Candlestick details.
Across 30 4-hour candles, the range has been 86.096 to 95.267. At 87.389, the price is now close to the bottom of that range—just 1.5% above the 30-candle low.
The candle at 16:00 on October 7 is worth watching: it opened at 88.523, hit a low of 87.12, and closed at 87.385. Its lower wick was 0.265.
That’s not a long wick, but it shows buyers stepped in at 87.12. Someone is paying attention.
One candle earlier, the noon candle closed at 88.523 after hitting a low of 87.967. Its lower wick was 0.556. The buying was more obvious there.
Both candles have lower wicks between 87 and 88. Someone is quietly buying in this area.
The resistance level is 93.932, still 7.5% away. That’s not close. If the price stabilizes, the first target is a return to the 90 level.
——
My view: bearish, but nearing a support zone.
If 87.12 holds, there’s a chance of a short-term rebound. If it breaks, the next level to watch is 86.096. There isn’t much support below the 30-candle low, so the price could fall quickly.
If it rebounds, 88 to 89 is the first hurdle. That’s where the positions trapped by the earlier high-volume bearish candles are clustered. Volume will show whether the market can absorb that supply.
——
Nini’s plan.
Current price: 87.389.
The plan is to open a small long position around 87.1. Stop-loss at 85.8, below the 30-candle low. Target: a move back to 90.
If 87.12 breaks decisively, don’t hesitate—let it go. Don’t try to catch a falling knife. Wait to see if the price stabilizes around 86 before deciding what to do.
Accept the loss if it happens. Take the win if it works. Simple as that.
This is just my own thinking, not a recommendation. Every coin moves differently. If you need a tailored strategy, you can reach out to Nini.
#HYPE #DEX #PerpetualContract
From 95.267 on October 5 to 87.389 now, it’s down 8.3% in three days. Not exactly a rapid plunge, but every hit lands hard.
——
Chart signals.
The latest 4-hour candle closed at 87.385, just 0.27 above the 24-hour low of 87.12. It’s practically on the floor. Three bearish candles in a row, each with a short lower wick. It’s not that the bulls haven’t tried to fight back. They just don’t have the strength.
But there’s one detail: the volume ratio on the last candle was 0.94, below the average of the previous 20 candles. As the price fell to support, selling actually eased. The bears may be nearing the end of their run.
——
Market sentiment.
The funding rate is 0.0012%—almost zero.
What does that tell us? The bulls aren’t piling into leveraged positions, and the bears aren’t putting money into shorting either. At this level, the market has chosen to sit things out.
The upside of this is that a rebound wouldn’t face much selling pressure from shorts closing their positions. The downside is just as clear: with no major bulls defending the price, if 87.12 breaks, stop-loss orders will trigger on their own.
——
Whale activity.
There were three clear volume spikes on the 4-hour chart.
First, at noon on October 5: 186.8M. The price surged from 93.5 to 92, then recovered to close at 92.6. Someone was selling into the rally.
Second, at midnight on October 7: 143.8M. One large bearish candle drove the price straight down from 91.9 to 90.8. Big money was pulling out.
Third, at noon on October 7: 145.3M. The price fell from 89 to 88.5.
Three high-volume bearish candles. The big-money sell-off is clear: 92, 90, 88—dumping all the way down.
But volume has started to shrink on the latest candle: 86.9M. The sell-off may be nearing its end—or it may not be over yet. Watch whether 87.12 holds. If it doesn’t, another wave could follow.
——
Volume and price structure.
From 95.267 to 87.4, overall volume declined as the price fell. The last volume spike was the bearish candle at noon, at 145.3M. After that, volume contracted to 86.9M.
Price down, volume down. Textbook analysis would say selling pressure is nearing exhaustion. But until we see a high-volume bullish candle, we can’t call it a confirmed bottom.
I’ve seen too many “bottom on declining volume” setups followed by another high-volume bearish candle. No rush. Wait for confirmation.
——
Candlestick details.
Across 30 4-hour candles, the range has been 86.096 to 95.267. At 87.389, the price is now close to the bottom of that range—just 1.5% above the 30-candle low.
The candle at 16:00 on October 7 is worth watching: it opened at 88.523, hit a low of 87.12, and closed at 87.385. Its lower wick was 0.265.
That’s not a long wick, but it shows buyers stepped in at 87.12. Someone is paying attention.
One candle earlier, the noon candle closed at 88.523 after hitting a low of 87.967. Its lower wick was 0.556. The buying was more obvious there.
Both candles have lower wicks between 87 and 88. Someone is quietly buying in this area.
The resistance level is 93.932, still 7.5% away. That’s not close. If the price stabilizes, the first target is a return to the 90 level.
——
My view: bearish, but nearing a support zone.
If 87.12 holds, there’s a chance of a short-term rebound. If it breaks, the next level to watch is 86.096. There isn’t much support below the 30-candle low, so the price could fall quickly.
If it rebounds, 88 to 89 is the first hurdle. That’s where the positions trapped by the earlier high-volume bearish candles are clustered. Volume will show whether the market can absorb that supply.
——
Nini’s plan.
Current price: 87.389.
The plan is to open a small long position around 87.1. Stop-loss at 85.8, below the 30-candle low. Target: a move back to 90.
If 87.12 breaks decisively, don’t hesitate—let it go. Don’t try to catch a falling knife. Wait to see if the price stabilizes around 86 before deciding what to do.
Accept the loss if it happens. Take the win if it works. Simple as that.
This is just my own thinking, not a recommendation. Every coin moves differently. If you need a tailored strategy, you can reach out to Nini.
#HYPE #DEX #PerpetualContract