$HYPE | Analysis 💬
The asset reacted with a sharp 13% correction over the past 24 hours and is now trading around $29. We’ve seen another solid cooldown in price after the latest strong growth impulse.
HYPE continues to outperform the broader market, something it has proven multiple times. Even during large market wide sell offs, the asset held up better than most and continued to move higher. The current pullback looks like a healthy reset, clearing out overcrowded long positions.
Looking at the liquidity map, there is very limited liquidity left below, while the main liquidity cluster is now above the current price. From the $28–29 trading range, we can expect a potential continuation of the uptrend and an attempt to print a new high.
