TradeCityPro | HYPE: Watch Key Zones for Trend Reversal

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TradeCityPro | HYPE: Watch Key Zones for Trend ReversalHyperliquid / TetherKUCOIN:HYPEUSDTtradecitypro👋 Welcome to TradeCity Pro! In this analysis, I want to review the HYPE coin for you. This is one of the crypto DEX projects, with a market cap of $13.26 billion, ranking 11th on CoinMarketCap. 📅 Daily Timeframe On the daily timeframe, this coin had an upward channel that, after being rejected from its peak, started a downward move and managed to break the channel’s support. 💥 Currently, the price is forming a bearish structure, creating lower highs and lower lows. ✅ The support level the price is currently interacting with is 36.682, which has previously been an important low and is now reacting to it. ✨ A minor high has formed at 42.862, and if the price breaks this level, it could start forming a bullish structure again. 📊 With a break above 42.862, we can open a long position on lower timeframes. The important support level is 36.682, and breaking it could serve as a risky short trigger. 🔔 The main confirmation of the bearish trend will be given with the break of this coin’s support zone; for bullish continuation, the next wave would start after breaking the 55 level. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️