$HYPE – Watching for Continued Downside

Current short exposure is over 300K, with around 40K in realized gains so far. Even shorts opened above the $30 region have delivered solid returns.

Looking ahead, a scheduled unlock on March 6 will release roughly 9.9M tokens — a significant amount of potential new supply. At the same time, weekly revenue has reportedly declined sharply since early February, and TVL has contracted to around $4.2B, signaling softer ecosystem activity and reduced buying momentum.

Technically, price remains capped under a descending trendline, suggesting continued structural pressure.

If trading this setup, stay disciplined, manage your exposure carefully, and define clear invalidation levels before adding to any short position. 👇$HYPE

HYPE
HYPEUSDT
26.28
-4.83%