🚀 $HYPE/USDT — Bullish Consolidation Near the Daily High
HYPE has gained more than 20% and is consolidating below its 24-hour high of $74.590. On the 2H chart, price remains above EMA 7, EMA 25, EMA 99, MA 44 and the Supertrend, confirming strong bullish control. The 79.22% buy-side order-book pressure also supports the positive momentum.
The safer long setup is a successful hold of the $71.50–$72.40 support zone or a confirmed 2H breakout above $74.60. The upside targets are $76.50, $78.10 and $80.00, while the clear stop-loss should be placed below $69.80 on a 2H closing basis.
The short setup becomes valid only if HYPE closes below $71.40 and fails to reclaim this level. The downside targets would be $69.00, $67.60 and $66.10, with a stop-loss above $73.20.
The overall direction remains bullish while $71.40 holds. A clean breakout above $74.60 could trigger another continuation move, while losing the support zone may lead to a deeper correction.
#HYPE #hypeusdt #crypto #BinanceSquare #TradingSignal
HYPE has gained more than 20% and is consolidating below its 24-hour high of $74.590. On the 2H chart, price remains above EMA 7, EMA 25, EMA 99, MA 44 and the Supertrend, confirming strong bullish control. The 79.22% buy-side order-book pressure also supports the positive momentum.
The safer long setup is a successful hold of the $71.50–$72.40 support zone or a confirmed 2H breakout above $74.60. The upside targets are $76.50, $78.10 and $80.00, while the clear stop-loss should be placed below $69.80 on a 2H closing basis.
The short setup becomes valid only if HYPE closes below $71.40 and fails to reclaim this level. The downside targets would be $69.00, $67.60 and $66.10, with a stop-loss above $73.20.
The overall direction remains bullish while $71.40 holds. A clean breakout above $74.60 could trigger another continuation move, while losing the support zone may lead to a deeper correction.
#HYPE #hypeusdt #crypto #BinanceSquare #TradingSignal