HYPE, today’s level is definitely worth watching closely.
In the front half, HYPE peaked at around **76**; after that, it didn’t keep breaking higher and instead went through a high-level pullback.
Over the past couple of days, the price bounced back from around **60** and has now returned to roughly **65—66**.
Now the key points are simple:
Support below: **63—60**
Resistance above: **68—70**
Strong resistance: the previous high area of **75—76**
If HYPE can hold above 65 and keep breaking through 68—70, short-term sentiment should improve noticeably, and later there may be a chance to retest the area near **75**.
But if it can’t push up through 68—70 and then falls back below 63, then this bounce might just be weak repair after a pullback from high levels, and the short-term will likely continue to chop.
At this point, don’t blindly chase.
Chasing longs is risky—you might end up buying right near resistance.
Chasing shorts is risky too—you might get caught if it holds 65 and continues to rally.
My view is:
As long as HYPE doesn’t fall below 60, the overall situation can’t be said to be completely bearish yet;
but until it reclaims above 70, it also can’t be said that it has truly turned strong again.
Next, focus on whether **65** can hold, and whether **68—70** can break.
Do you think HYPE can still surge back to 75 this time?
Or will 68—70 clamp it down again?$HYPE
In the front half, HYPE peaked at around **76**; after that, it didn’t keep breaking higher and instead went through a high-level pullback.
Over the past couple of days, the price bounced back from around **60** and has now returned to roughly **65—66**.
Now the key points are simple:
Support below: **63—60**
Resistance above: **68—70**
Strong resistance: the previous high area of **75—76**
If HYPE can hold above 65 and keep breaking through 68—70, short-term sentiment should improve noticeably, and later there may be a chance to retest the area near **75**.
But if it can’t push up through 68—70 and then falls back below 63, then this bounce might just be weak repair after a pullback from high levels, and the short-term will likely continue to chop.
At this point, don’t blindly chase.
Chasing longs is risky—you might end up buying right near resistance.
Chasing shorts is risky too—you might get caught if it holds 65 and continues to rally.
My view is:
As long as HYPE doesn’t fall below 60, the overall situation can’t be said to be completely bearish yet;
but until it reclaims above 70, it also can’t be said that it has truly turned strong again.
Next, focus on whether **65** can hold, and whether **68—70** can break.
Do you think HYPE can still surge back to 75 this time?
Or will 68—70 clamp it down again?$HYPE