HYPE 4H – Testing Rising Trendline After Extended PullbackHyperliquid / TetherKUCOIN:HYPEUSDTBKVIPHyperliquid is trading around 81.601 on the 4H timeframe after a steep selloff from the October 6 high near 95.00, with a sharp wick tagging the ascending trendline near 79.50 before price recovered back above 81.00. The structure here began with a steady advance off the August 20 low near 72.30, with the rising trendline holding through every meaningful pullback since. HYPE built a range between roughly 76.00 and 88.00 through early September, with the September 16 low bouncing cleanly off the trendline before launching a strong breakout leg. That move carried price through 88.00 and up to a high near 97.50 on September 23, followed by a lower high near 95.00 in early October. The decline since has been steady, with price breaking below 84.00 and dropping directly into the trendline on October 13. Price is currently bouncing at 81.601 after that wick, holding just above the horizontal level near 81.00 while the trendline sits only a couple of points below. Key Levels To Watch: → 97.50 September 23 high, breakout extension top → 95.00 October 6 swing high, lower high resistance → 88.00 October 12 swing high, first major level to reclaim → 84.00 Prior support, now near term resistance → 81.601 Current price, bouncing off trendline wick → 79.50 Trendline wick low, key support → 76.00 September 16 low, deeper support → 72.30 Trendline origin, August 20 low A reclaim of 84.00 would confirm the trendline bounce and set up another test of 88.00, with a break above it opening the path back toward the 95.00 lower high and the 97.50 September high. Losing the trendline near 79.50 would be the first real break of structure since mid August, exposing 76.00 as the next support and the 72.30 origin as the deeper level if the selloff extends. Hold the trendline and HYPE builds toward another push at the highs. Lose 79.50 and this pullback extends toward lower support. Bias stays cautiously bullish given the trendline has held through every test, but the lower high structure means 88.00 needs to be reclaimed to confirm the next leg higher.