$HYPE – Watching Key SupportHyperliquid/USD Tether SpotBINGX:HYPEUSDTOrkhestraHYPE is currently trading around $79.28 after facing rejection from the $95–$98 resistance zone. The daily structure has weakened following a bearish move from its recent highs, with price now approaching an important support area around $75–$76. I'm watching the first buy zone around $75.74, which aligns with the 50% Fibonacci retracement. If price sweeps this area and shows a bullish reaction, we could see a potential recovery towards $80–$82, followed by $85. However, if the first zone fails to hold, the next area of interest is around $69, corresponding to the 61.8% Fibonacci retracement and ascending trendline support. For now, I would prefer to wait for price to reach either zone and look for confirmation rather than chasing the current price. The broader bullish structure is still worth monitoring, but a sustained breakdown below these supports would weaken the recovery outlook.