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$HYPE Now | Market Watch
The bearish setup continues to play out.
$HYPE is also on track to print a second consecutive red monthly candle, suggesting this correction is no longer just short-term noise.
Price has now dropped into the $57โ59 short-term support zone.
If this level fails to hold, the next downside target remains $53โ55.
Below that, $48โ50 is the key structural support.
$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 $53โ55.
If that zone fails to hold, the next downside target sits around $48โ50.