HYPE drops 22% from the peak: Is spot demand strong enough to push the price up?

- HYPE has decreased by 22% from its all-time high and is currently trading near a crucial support zone.
- Selling pressure is gradually weakening, while activity in the futures market is also declining.
- The question is whether spot demand is strong enough to drive HYPE back into an uptrend and surpass the $60 mark.
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$hype

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Source: CoinTelegraph