$HYPE - Skewed Head & Shoulder

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$HYPE - Skewed Head & ShoulderHYPEUSDT Perpetual ContractBYBIT:HYPEUSDT.PTealstreetHYPEUSDT | 1D There's a massive overhead supply sitting around the $43–45 zone, which continues to cap price for now. Bitcoin is currently at a make-or-break level as it attempts to reclaim 69–70k. If BTC pushes higher and we get another attempt, HYPE could retest $40–42, though I personally wouldn’t be looking to long at these levels. Instead, I could see price trading back into $30–26 in the coming days, which would potentially form a skewed head and shoulders structure on the daily. If that scenario plays out, the key thing to watch will be whether price can hold the diagonal trendline support on a pullback.