$HYPE — Bounce Fading, Supply Back in Control

The rebound is losing steam and sellers are stepping back in on strength. Upside pushes aren’t holding, and buyers look uncomfortable defending rebounds — a classic sign of a corrective bounce rather than a trend shift.

Strength continues to get sold into while downside reactions are starting to open up cleaner. The tape feels heavy, with supply leaning on momentum, which keeps continuation lower favored as long as sellers stay active.

SHORT $HYPE

Entry: 29.2 – 30.8

Stop Loss: 32.0

Targets

• TP1: 27.6

• TP2: 25.8

• TP3: 23.9

Acceptance above the entry zone invalidates this idea. Until then, risk remains skewed to the downside.

Trade $HYPE here 👇🏻

HYPEUSDT

Perp

29.97

+0.98%