HYPE found good support at $32, but sellers remain active.
Key Support levels: $35, $32
Key Resistance levels: $37, $42, $46
1. Strong Bounce off Key Support
HYPE corrected by 33% after it broke its uptrend and touched the support at $32. Once there, the price quickly entered a relief rally. At the time of this post, buyers are trying to confirm $37 as a key support, but sellers seem determined to put up a fight. If $37 is lost, then buyers could retreat to $35 and $32 again.
Chart by TradingView
2. The Correction May not Be Over
If sellers are successful to stop HYPE at $37, then the price will confirm a lower high. This would be a clear signal that the downtrend is not over yet. In such a case, the best scenario for buyers is to defend the support at $32 and make a higher low. That would offer a great base to push HYPE into a major reversal.
Chart by TradingView
3. Buyers Are Returning
The daily MACD histogram is making higher lows. This is indicative of buyers returning. Nevertheles
We współpracy z: https://cryptopotato.com/3-things-to-watch-in-hyperliquids-price-today/
