The red zone represents a supply area.

The price has now reached the red zone and reacted with a clear rejection, confirming that the area is currently acting as resistance.

For short-term trades, we have marked a blue zone on the chart. We expect the price to react from this zone and potentially drop toward at least the first target.

Let’s see how the price develops from here and whether the bearish momentum continues.

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Do you also think HYPE is bullish?

$HYPE

HYPE
HYPEUSDT
94.4
+0.64%