$HYPE just lost $80, and the bears aren't joking!
$HYPE faced resistance near $82 and plunged to $78.89
Buyers are struggling, and the break below $80 clearly signals a bearish trend. If the $78.80 level doesn't hold, another drop may follow.
Short setup
Entry: $78.80–$79.30
Target 1: $78.00
Target 2: $77.20
Target 3: $76.50
Setup invalidation: Above $80.20
A confirmed break below $78.80 would strengthen the bearish scenario. Watch out for a quick rebound after this sharp drop.
Are the bears getting ready to push the price lower?
$HYPE faced resistance near $82 and plunged to $78.89
Buyers are struggling, and the break below $80 clearly signals a bearish trend. If the $78.80 level doesn't hold, another drop may follow.
Short setup
Entry: $78.80–$79.30
Target 1: $78.00
Target 2: $77.20
Target 3: $76.50
Setup invalidation: Above $80.20
A confirmed break below $78.80 would strengthen the bearish scenario. Watch out for a quick rebound after this sharp drop.
Are the bears getting ready to push the price lower?