On the daily timeframe, the trend remains clearly bearish, with lower highs and lower lows continuously recorded. So far, there are no signs of reversal — the recent rebound appears corrective, forming a descending flag pattern.
This move could extend toward the resistance zone at 29.4-30.3 dollars, where a rejection is likely 👀 If rejection occurs, the price may decline further, targeting the daily low around 20.65 dollars 🎯 #HYPE $HYPE
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BasheerAlgundubi
· 10h ago
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In case of rejection, the price may drop further, targeting the daily low around $20.65.
#HYPEUSDT — Daily Outlook 📉 Coming Rejection Zone
On the daily timeframe, the trend remains clearly bearish, with lower highs and lower lows continuously recorded. So far, there are no signs of reversal — the recent rebound appears corrective, forming a descending flag pattern.
This move could extend toward the resistance zone at 29.4-30.3 dollars, where a rejection is likely 👀
If rejection occurs, the price may decline further, targeting the daily low around 20.65 dollars 🎯
#HYPE
$HYPE