๐จ $HYPE Analysis: Bears Still Dominate! ๐
HYPE remains in a strong bearish trend across the 4H and 1H timeframes, with price trading below all major EMAs. Although RSI is deeply oversold, any recovery is likely to be a short-term relief bounce unless key resistance is reclaimed.
๐ Resistance: $59.30โ$59.85 โ $60.68โ$61.20
๐ Support: $57.93 โ $56.50 โ $55.00
โ ๏ธ A break below $57.93 could trigger another selloff toward $56.50โ$55.00, while a 1H close above $59.85 would be the first sign of bullish recovery.
Current Bias: Bearish ๐ with a chance of a short-term oversold bounce.$BROCCOLIF3B $BANK
#Hyperliquid #hype
HYPE remains in a strong bearish trend across the 4H and 1H timeframes, with price trading below all major EMAs. Although RSI is deeply oversold, any recovery is likely to be a short-term relief bounce unless key resistance is reclaimed.
๐ Resistance: $59.30โ$59.85 โ $60.68โ$61.20
๐ Support: $57.93 โ $56.50 โ $55.00
โ ๏ธ A break below $57.93 could trigger another selloff toward $56.50โ$55.00, while a 1H close above $59.85 would be the first sign of bullish recovery.
Current Bias: Bearish ๐ with a chance of a short-term oversold bounce.$BROCCOLIF3B $BANK
#Hyperliquid #hype