📉 HYPE is bearish in the short term, and rebounds still face pressure
At 02:49 Beijing time on the 11th, the HYPEUSDT mark price was 71.66, down 4.07% over 24 hours, while OI rose 0.7%; the funding rate was +0.005%, and the 1-hour taker buy/sell ratio was 0.94. Prices fell as open interest rose, with aggressive selling dominant, supporting a continued bearish outlook. Data (https://bykaranteli.com/symbols/HYPEUSDT)
The 02:17 snapshot showed 24-hour trading volume of 547 million USDT and OI of about 374 million USDT; the 1-hour RSI was around 30, so watch for a rebound from oversold conditions. Market data (https://finderside.com/symbols/HYPEUSDT/)
Over the next 4–24 hours, the more likely scenario is a rebound followed by another test of the 70.35 support; a break below would put the 70 psychological level in focus. Resistance is at 73.27–73.70. A high-volume breakout and hold above 73.70 would invalidate the bearish outlook, opening the way to 75.14. Price levels (https://www.sonarcast.app/en/coin/hypeusdt)
#HYPE #HYPEUSDT #ContractAnalysis
At 02:49 Beijing time on the 11th, the HYPEUSDT mark price was 71.66, down 4.07% over 24 hours, while OI rose 0.7%; the funding rate was +0.005%, and the 1-hour taker buy/sell ratio was 0.94. Prices fell as open interest rose, with aggressive selling dominant, supporting a continued bearish outlook. Data (https://bykaranteli.com/symbols/HYPEUSDT)
The 02:17 snapshot showed 24-hour trading volume of 547 million USDT and OI of about 374 million USDT; the 1-hour RSI was around 30, so watch for a rebound from oversold conditions. Market data (https://finderside.com/symbols/HYPEUSDT/)
Over the next 4–24 hours, the more likely scenario is a rebound followed by another test of the 70.35 support; a break below would put the 70 psychological level in focus. Resistance is at 73.27–73.70. A high-volume breakout and hold above 73.70 would invalidate the bearish outlook, opening the way to 75.14. Price levels (https://www.sonarcast.app/en/coin/hypeusdt)
#HYPE #HYPEUSDT #ContractAnalysis