🔥 $HYPE Perp: Hunting for a Rebound?
Hyperliquid ($HYPE ) is feeling the heat today, trading at $30.333 with a -5.72% dip. After a sharp rejection from the $36.826 zone, the price is now entering a crucial demand area. Is this the bottom or just a pitstop?
📍 The "Dip-Buy" Zone: $29.20 – $30.00
🎯 Target 1: $31.70 (Testing MA25 Resistance)
🎯 Target 2: $33.50
🎯 Target 3: $36.00 (Back to the Highs)
🛑 Hard Stop: $28.50
🔍 The Technical Setup
Support Watch: The price just touched $29.222 and showed a small bounce. This level is critical; if it holds, the bulls might stage a comeback.
Moving Averages: HYPE is currently trading below the MA(7), MA(25), and MA(99). To turn bullish, we need a strong 4H candle close above $31.70.
Market Sentiment: High volatility means high opportunity. The current RSI (implied) and price action suggest the sell-off is getting exhausted.
What’s your move on HYPE? Are you catching the falling knife 🔪 or waiting for a confirmed bounce? Let’s talk below! 👇
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