$HYPE
With a circulating supply of less than 27%, a drop is inevitable. No matter how strong the project team or how many positive catalysts there are, you can't withstand the process of a decline. Just look at our $BNB ; it's also going to drop. So, this round of price surge is likely the last push before a peak. The daily candlestick chart has shown consecutive long upper shadows, indicating that selling pressure has concentrated and exploded. The bullish momentum has reached its limit.
From the bottom's starting point, this round of price increase has had no healthy pullbacks; it's been a "naked run" from bottom to top. The technical side shows a strong need for "pullback confirmation". Once it starts to drop, the first target will be the 50% retracement level of this increase, corresponding to a price of about 45 USDT. In extreme cases, it could pull back to the 38-40 USDT consolidation zone.
Arrow pointing to the lower volume bars: Current trading volume has hit a historical peak, which is typical of "high-volume turnover at elevated levels"—smart money is unloading heavily at the top while retail traders are chasing highs. When volume peaks, price peaks. Once buying pressure is exhausted, downtrend is the only direction.
With a circulating supply of less than 27%, a drop is inevitable. No matter how strong the project team or how many positive catalysts there are, you can't withstand the process of a decline. Just look at our $BNB ; it's also going to drop. So, this round of price surge is likely the last push before a peak. The daily candlestick chart has shown consecutive long upper shadows, indicating that selling pressure has concentrated and exploded. The bullish momentum has reached its limit.
From the bottom's starting point, this round of price increase has had no healthy pullbacks; it's been a "naked run" from bottom to top. The technical side shows a strong need for "pullback confirmation". Once it starts to drop, the first target will be the 50% retracement level of this increase, corresponding to a price of about 45 USDT. In extreme cases, it could pull back to the 38-40 USDT consolidation zone.
Arrow pointing to the lower volume bars: Current trading volume has hit a historical peak, which is typical of "high-volume turnover at elevated levels"—smart money is unloading heavily at the top while retail traders are chasing highs. When volume peaks, price peaks. Once buying pressure is exhausted, downtrend is the only direction.
