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$HYPE Now | Market Watch
If you ignored my previous warnings on $HYPE and chased the rally two days ago,
your position would now be down nearly 15%.
The bearish setup continues to play out.
HYPE is now approaching its first major support around $53â55.
If that zone fails to hold, the next downside target sits around $48â50.
$HYPE Now | Market Watch
If you missed my previous reminder on $HYPE, your position is likely already down about 10 points.
HYPE remains in a clear downtrend channel.
RSI is currently at 59.6. Short-term rebound momentum has recovered somewhat, but resistance at 73-75 is still strong.
If it breaks below 62-65 support, the next target could be 55-58.