$HYPE is retracing after the news-driven pump, but the 4H structure still looks bullish after holding above $80.
I’m watching two levels closely:
$80 — previous lower high + 0.786 Fib area
$75 — key support
If $75 holds, $98 becomes the bigger upside target.
The interesting part is that OI has been falling alongside price, which suggests this move isn’t being driven by aggressive new shorts.
Still, selling pressure is visible, so I’d rather watch the reaction at support than chase the move.
DYOR.
I’m watching two levels closely:
$80 — previous lower high + 0.786 Fib area
$75 — key support
If $75 holds, $98 becomes the bigger upside target.
The interesting part is that OI has been falling alongside price, which suggests this move isn’t being driven by aggressive new shorts.
Still, selling pressure is visible, so I’d rather watch the reaction at support than chase the move.
DYOR.
