🔥$HYPE Strong Uptrend with potential near-term pullback
• In the last four hours, a prominent upper shadow appeared (34.28–33.63), indicating strong resistance in the 34.2–34.6 area.
• Volume shrank when the price reached a new high, forming a volume-price divergence, which increases the probability of a short-term correction
• Current extreme overbought conditions suggest limited upside potential without healthy correction
Entry long $HYPE
• Optimal long entry: 31.5-32.0 (near MA20 and key support
• Alternative: Wait for break above 35.36 (resistance) with volume confirmation
• Short-term traders could consider partial profit-taking at current levels
Stop Loss: 29.8 USDT, below MA20 and psychological 30.0 level)
Target Levels $HYPE
Primary: 35.3
Secondary: 36.7
Extended: 39.2 if bull momentum continues
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#hype #hypeusdt #hyperlyquid