💬 HYPE | Analysis
$HYPE
The asset reached an important support level on the daily timeframe, but significant buyer inflows never materialized.
📊 Buyback volumes remain weak, and there are virtually no large buy limit orders to be seen. This points to weakness at the current level and increases the likelihood of the correction continuing.
⚙️ Based on the current structure, my primary expectation is for the decline to continue from the current trading range.
🎯 The first target is around $65, where an unfilled daily imbalance is located.
🎯 The next target is around $60, where the next significant daily support lies.
📉 As long as buyers fail to show sufficient strength, the main focus remains on continued downward movement toward the marked price magnets.
🔥 Support the channel!
Like, leave a comment, and subscribe so you don’t miss the latest analyses of #hype and other assets.
❤️ If my analyses help you make money, I’d be grateful for a tip for the author. Your support helps me publish even more high-quality analysis and profitable setups. 🚀
#Hyperliquid #BitSignal
$HYPE
The asset reached an important support level on the daily timeframe, but significant buyer inflows never materialized.
📊 Buyback volumes remain weak, and there are virtually no large buy limit orders to be seen. This points to weakness at the current level and increases the likelihood of the correction continuing.
⚙️ Based on the current structure, my primary expectation is for the decline to continue from the current trading range.
🎯 The first target is around $65, where an unfilled daily imbalance is located.
🎯 The next target is around $60, where the next significant daily support lies.
📉 As long as buyers fail to show sufficient strength, the main focus remains on continued downward movement toward the marked price magnets.
🔥 Support the channel!
Like, leave a comment, and subscribe so you don’t miss the latest analyses of #hype and other assets.
❤️ If my analyses help you make money, I’d be grateful for a tip for the author. Your support helps me publish even more high-quality analysis and profitable setups. 🚀
#Hyperliquid #BitSignal
