📉 $HYPE : The drop was predictable. Here’s the next support level.
Here, the Hyperliquide network ($HYPE) experienced a major token unlock of nearly 10 million tokens (around $400 million). Immediate result: the price dropped over 6%, landing around the $35 zone.
💡 Lesson for newbies: NEVER trade on hope the day before a massive "Unlock" meant for teams or private investors. Selling pressure always wins out in the short term.
🎯 Technical plan: HYPE is now in a critical liquidity zone. If it holds the support at $34-$35, the absorption is successful. If it breaks, wait for the bottom before buying the dip.
Who shorted HYPE before the unlock? 🙋♂️
#hype #analyse #trading $HYPE