$HYPE Rebounds Keep Getting Rejected—The Battle to Defend $78 Has Begun!
Guys, with HYPE moving like this, the bulls want to turn things around, but the bears aren’t giving them a chance! The price fell from 82 to 78.166, then rebounded to around 80.5 before getting pushed back down by the moving averages. It’s now at 79.026, down 2.26% on the day.
On the 1-hour chart, the short-term trend still looks weak. The rebound lacks strength, and resistance from the moving averages remains in place. 78.166 is key support below; if it breaks decisively, the price could continue lower in search of support. 79.345 is short-term resistance above. To turn the weakness around, the price needs to reclaim and hold above $80 first.
Trading outlook: Short-term bias is bearish, so don’t rush to buy the dip. If 78.166 holds, watch for an oversold rebound; if it breaks on strong volume, be alert for a further drop. Only after reclaiming and holding above $80 will the bulls have a chance to take back control.
The biggest risk right now isn’t missing an opportunity—it’s rushing into a trade before the direction becomes clear. Waiting patiently for a signal is more important than entering blindly. I’ll keep following the market as it develops over at Steel Fortress! #以太坊跌破2400美元 #贝莱德加密资产规模增长63%
Guys, with HYPE moving like this, the bulls want to turn things around, but the bears aren’t giving them a chance! The price fell from 82 to 78.166, then rebounded to around 80.5 before getting pushed back down by the moving averages. It’s now at 79.026, down 2.26% on the day.
On the 1-hour chart, the short-term trend still looks weak. The rebound lacks strength, and resistance from the moving averages remains in place. 78.166 is key support below; if it breaks decisively, the price could continue lower in search of support. 79.345 is short-term resistance above. To turn the weakness around, the price needs to reclaim and hold above $80 first.
Trading outlook: Short-term bias is bearish, so don’t rush to buy the dip. If 78.166 holds, watch for an oversold rebound; if it breaks on strong volume, be alert for a further drop. Only after reclaiming and holding above $80 will the bulls have a chance to take back control.
The biggest risk right now isn’t missing an opportunity—it’s rushing into a trade before the direction becomes clear. Waiting patiently for a signal is more important than entering blindly. I’ll keep following the market as it develops over at Steel Fortress! #以太坊跌破2400美元 #贝莱德加密资产规模增长63%