#hype fell below $80, hitting a low of $78, and is currently around $79. Meanwhile, three new wallets have staked a combined 1.255 million HYPE, worth over $100 million, suggesting some large investors favor holding for the long term.
But don't rush to be optimistic: selling pressure in derivatives remains, RSI has fallen to 39, and bears clearly have the upper hand.
In the short term, watch the $75 support level. If it holds, the next target is a recovery toward $80–$88.
But don't rush to be optimistic: selling pressure in derivatives remains, RSI has fallen to 39, and bears clearly have the upper hand.
In the short term, watch the $75 support level. If it holds, the next target is a recovery toward $80–$88.