$HYPE on the daily is beginning to look a bit tired, even with the weekly trend still holding a bullish tone. ⚠️
Weekly momentum remains bullish while price stays above the uptrend and the $51.00 zone.
The daily chart suggests otherwise: a double top is forming, along with rejection at the SSB around $58.00, while overhead resistance stands at $59.50-60.00.
I’m still not completely convinced this is a proper ascending triangle — H4 may need more time before any genuine breakout happens.
For now, price action continues to move sideways. In my view, $53-54 is the next area likely to be revisited, which keeps the near-term outlook bearish from current levels. 📉
Levels in chart.
#hype #Hyperliquid
Weekly momentum remains bullish while price stays above the uptrend and the $51.00 zone.
The daily chart suggests otherwise: a double top is forming, along with rejection at the SSB around $58.00, while overhead resistance stands at $59.50-60.00.
I’m still not completely convinced this is a proper ascending triangle — H4 may need more time before any genuine breakout happens.
For now, price action continues to move sideways. In my view, $53-54 is the next area likely to be revisited, which keeps the near-term outlook bearish from current levels. 📉
Levels in chart.
#hype #Hyperliquid