$HYPE — Long Liquidation Pressure 🔮
HYPE recorded approximately $7.18K in long liquidations near $83.005, indicating that leveraged bullish positions are being forced out. This highlights downside pressure, although a liquidation event alone does not confirm a broader bearish trend.
Support: $82.00 – $81.00
Resistance: $84.00 – $85.00
Next Target: $79.50
Bias: Bearish below resistance
If sellers maintain control and price loses nearby support, another downside liquidity sweep could develop. A reclaim of resistance would invalidate the immediate bearish outlook.
Let's go $HYPE