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$HYPE – Why I think the upside might be capped at $75–$80
We likely just wrapped up the fifth wave of the current trend.
As many traders know, the fifth wave often mirrors the scale of the first wave.
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The first wave saw a rally of about +20% to +30%.
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The fifth wave has surged about +30%.
This suggests that the $75–$80 range could act as a significant resistance zone and might signal a local top.
If this scenario plays out, we could see a pullback, with price potentially retracing to the $40–$55 range.
What’s your take?
Will $HYPE break through $75–$80, or are we nearing a reversal?
Share your thoughts below
👇
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$HYPE – Why I think the upside might be capped at $75–$80
We likely just wrapped up the fifth wave of the current trend.
As many traders know, the fifth wave often mirrors the scale of the first wave.
📈
The first wave saw a rally of about +20% to +30%.
📈
The fifth wave has surged about +30%.
This suggests that the $75–$80 range could act as a significant resistance zone and might signal a local top.
If this scenario plays out, we could see a pullback, with price potentially retracing to the $40–$55 range.
What’s your take?
Will $HYPE break through $75–$80, or are we nearing a reversal?
Share your thoughts below
👇
👍Like ❤️Retweet 🔔Follow 📢Turn on notifications