$HYPE : Still Under Pressure, The 75 Area Is Decisive!
Reference price: 76.97
HYPE is still facing selling pressure after failing to sustain its rise toward 97.74. The 4H, Daily, and Weekly structures still lean bearish.
Weekly Fibonacci
78.6%: 79.43
61.8%: 83.35
50%: 86.10
38.2%: 88.84
100%: 74.45
Support:
75.52
72.87
69.28
Resistance:
79.22–79.43
81.06
83.35
Bullish scenario: If HYPE can hold 75.52 and reclaim 79.43, the possibility of a recovery toward 81–83 begins to open up.
Bearish scenario: If 75.52 breaks amid strong selling pressure, a potential test of 72.87 to 69.28 should be watched for. The 74.45 area is an important boundary from the previous swing.
Latest Hyperliquid news:
On November 8, reports said that a wallet on Hyperliquid held a BTC short position worth around $101 million. In addition, four HYPE whale wallets reportedly realized around $5 million in profit from the previous rise toward 97.
Conclusion:
Technically, HYPE remains bearish. However, the 75–76 area is an important zone for gauging whether buyers can hold the price structure.
I would rather wait for confirmation of a resistance reclaim than rush to consider this decline a reversal opportunity.
The real market scenario still depends on volume and price action.
Reference price: 76.97
HYPE is still facing selling pressure after failing to sustain its rise toward 97.74. The 4H, Daily, and Weekly structures still lean bearish.
Weekly Fibonacci
78.6%: 79.43
61.8%: 83.35
50%: 86.10
38.2%: 88.84
100%: 74.45
Support:
75.52
72.87
69.28
Resistance:
79.22–79.43
81.06
83.35
Bullish scenario: If HYPE can hold 75.52 and reclaim 79.43, the possibility of a recovery toward 81–83 begins to open up.
Bearish scenario: If 75.52 breaks amid strong selling pressure, a potential test of 72.87 to 69.28 should be watched for. The 74.45 area is an important boundary from the previous swing.
Latest Hyperliquid news:
On November 8, reports said that a wallet on Hyperliquid held a BTC short position worth around $101 million. In addition, four HYPE whale wallets reportedly realized around $5 million in profit from the previous rise toward 97.
Conclusion:
Technically, HYPE remains bearish. However, the 75–76 area is an important zone for gauging whether buyers can hold the price structure.
I would rather wait for confirmation of a resistance reclaim than rush to consider this decline a reversal opportunity.
The real market scenario still depends on volume and price action.
