$HYPE pushed into a strong recovery expansion on the 1-hour chart, rallying from its recent swing lows to retest major range resistance around $87.75.
The price is directly confronting an overhead distribution ceiling around $87.50 – $88.50, while a key horizontal demand shelf sits much lower near $77.50 – $79.00.
The technical roadmap projects a rejection off this resistance ceiling, leading to a corrective downswing back down toward the lower demand floor to retest support and absorb liquidity.
Chasing long positions into this key supply ceiling offers a poor risk-to-reward ratio, making a patient approach off lower structural levels the cleaner play.
#hype #Hyperliquid
The price is directly confronting an overhead distribution ceiling around $87.50 – $88.50, while a key horizontal demand shelf sits much lower near $77.50 – $79.00.
The technical roadmap projects a rejection off this resistance ceiling, leading to a corrective downswing back down toward the lower demand floor to retest support and absorb liquidity.
Chasing long positions into this key supply ceiling offers a poor risk-to-reward ratio, making a patient approach off lower structural levels the cleaner play.
#hype #Hyperliquid
