HYPEUSDT Technical Analysis (4H)HYPEUSDT SPOTBITGET:HYPEUSDTledora037https://www.tradingview.com/chart/vwVwDc2U/ HYPEUSDT 4H: Bears Still Control, But Major Support Is Being Tested HYPE remains in a clear short-term downtrend, printing a series of lower highs and lower lows after failing to reclaim the $63 resistance zone. Multiple Break of Structure (BoS) signals confirm that sellers continue to dominate market structure. The recent decline has brought price into a key confluence area around $57.20-$56.45, where horizontal support aligns with the rising long-term trendline. This is an important decision zone. As long as buyers defend it, a relief bounce remains possible. Key Levels Support $57.20 (immediate support) $56.45 (major trendline support) Below $56.45 could accelerate selling toward the mid-$54 region. Resistance $59.98 (first recovery hurdle) $60.20 (strong supply zone) $63.05 (major breakout resistance) Bullish Scenario If HYPE holds above $56.45 and buyers reclaim $59.98, momentum could shift toward $60.20, with $63.05 becoming the next upside objective. Bearish Scenario A confirmed 4H close below $56.45 would invalidate the current support structure and likely trigger another leg lower as bearish market structure remains intact. Outlook The trend still favors sellers, but price is sitting at a technically significant support cluster. Watch for volume confirmation and a strong bullish reversal candle before considering a trend reversal. Until resistance is reclaimed, rallies may continue to face selling pressure. Bias: Bearish to Neutral Invalidation: Sustained reclaim above $60.20 Confirmation: Breakdown below $56.45 or breakout above $59.98.