HYPE – At a Crossroads After a Small Weekly Gain

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HYPE – At a Crossroads After a Small Weekly GainHyperliquid / TetherKUCOIN:HYPEUSDTRichtv_officialHYPE wrapped up the week in green with a modest +2% gain, but the broader picture remains cautious. Price action is still capped by the $26 resistance, a key level that needs to be broken for any real bullish momentum to emerge. Until then, upside moves may continue to stall. 🔻 Downtrend Still Dominates Since late September, HYPE has been in a strong downtrend, losing over 60% of its value. That said, the asset found strong support at $22, which triggered a recent bounce. This support zone now serves as a critical level to hold if bulls hope to defend against further losses. ⚠️ Outlook: Weak Until Key Levels Break Despite the bounce, the downtrend structure is still intact. Bulls need to reclaim $26, and ideally make a strong push above $30, to suggest a trend reversal and spark broader interest. Until that happens, rallies may remain short-lived and corrective in nature. 🕵️‍♂️ Keep an eye on price action around $26–$30 for confirmation of any shift in trend.