🚨 The current trend of $HYPE is showing signs of bearishness.

Recent candles indicate a gradual decrease in volume during corrections, suggesting a lack of strong selling momentum.

The spike in volume during the price increase to 32.89 was not sustained.

Capital flow: Net outflow is stable across multiple time frames (1H: -6.66M, 4H: -14.10M) indicating profit-taking/short selling pressure.

However, the 24H frame shows a net inflow (+5.83M), creating a divergence.

🎯 Short Entry Strategy for $HYPE:

You might consider entering around the current level of 30.3-30.5 or when the price rebounds to the resistance area of 31.0-31.2.

⚠️ Stop Loss (SL): Set at 31.8 (just above the resistance level).

💰 Target Price (TP) for $HYPE: The primary target is at the support zone of 29.3, the secondary target is 28.5 if the downward momentum accelerates.

Let's follow and trade here 👇 (HYPEUSDT)

#hype #hypeusdt #hyperlyquid