$HYPE – Demand Reaction Confirmed, Bullish Continuation Setup 📈
ENTRY ZONE: $26.20 – $26.50
STOP LOSS: $25.00
**TARGETS:**
🥇 $28.00
🥈 $29.50
🥉 $31.00
🔍 Current Market Context (Feb 24, 2026):
· Current price: Trading around $26.17–$26.36 after 9%+ drop
· Technical outlook: Bearish signals on daily — trading below both 50-day ($29.08) and 200-day ($32.37) EMAs
· RSI(14): 38 on daily, extending downtrend but not yet oversold
· Key support levels: $23.58 (Dec 21 low) → $20.82 (Oct 10 low)
· Immediate resistance: $28.08–$29.00 must reclaim for recovery
📊 Technical Structure:
· **Price rejected from $38.4 high** earlier this month, now correcting within Fibonacci zone ($28.44–$20.02)
· $24.3 and $20 are critical support zones for bulls — a drop below $23.4 could weaken the bullish setup
· 1H timeframe showing: Strong reaction from demand with sellers unable to expand downside momentum — absorption confirmed
· Bounce forming with stronger impulse — early structure shift visible
· Descending triangle breakdown noted by some analysts, with RSI at 26 on 4h suggesting oversold bounce potential
🐳 Whale Activity Context:
· Largest HYPE long holder (0x082e) added $2.4M margin to lower liquidation price to $23.91, currently floating -$17.2M
· Early contributor "Loracle" reduced position from $46.2M to $26.1M at $30, still holding $24.55 avg long with 5x leverage
· Whale accumulation zone — multiple large holders defending $24–$26 range
The Thesis:
$HYPE reacted strongly from the $26 demand zone with sellers unable to push lower — clear absorption. The bounce formed with stronger impulse and early structure shift. As long as this base holds ($25 stop), upside continuation toward $28–$29.50 remains favored. Reclaiming $28.08 opens path to $29.50–$31. Failure below $25 would target $23.58 next.
Click and Trade $HYPE here 👇
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