$HYPE is moderately bearish short-term as the market digests the October 6 token unlock of 3.75 million tokens. Price is searching for an accumulation shelf while funding has turned significantly negative, creating the stated possibility of a short squeeze if spot holdings stabilize. The key structure is defined between $80 support and $91 resistance. Because institutional supply dynamics remain an active risk, the setup requires confirmation around the proposed entry rather than assuming an immediate reversal.
đ Bias: Moderately Bearish Short-Term | đŻ Entry: $82.00â$85.50 | đĄ Support: $80.00 / $76.50 | đ§ Resistance: $91.00 / $98.00 | đŻ Targets: $93.00 / $99.50 / $106.00 | â Invalidation: $78.00
Strategy: Stabilization and confirmation near support before considering a recovery move.
#HYPE #Hyperliquid #CryptoTrading #TechnicalAnalysi #BinanceSquare
đ Bias: Moderately Bearish Short-Term | đŻ Entry: $82.00â$85.50 | đĄ Support: $80.00 / $76.50 | đ§ Resistance: $91.00 / $98.00 | đŻ Targets: $93.00 / $99.50 / $106.00 | â Invalidation: $78.00
Strategy: Stabilization and confirmation near support before considering a recovery move.
#HYPE #Hyperliquid #CryptoTrading #TechnicalAnalysi #BinanceSquare