Saad Ullah
● Trader Mr. CryptoCeek recently flagged that HYPE is defending a key level at $35.50—a make-or-break moment for the token. The daily chart shows a textbook head-and-shoulders pattern, which typically signals a bearish reversal. As long as this neckline holds, we might see sideways trading between $35.5 and $52. But if it breaks down, $30.5 is the next likely stop.
● The risk is pretty straightforward here—holding $35.50 is everything. The 20-day EMA sits at $42.27 and the 50-day SMA at $44.19, both above current price action, showing weak short-term momentum. A drop below the neckline could confirm the reversal and trigger a 15–20% decline. However, if price bounces back above $44, we could see shorts getting squeezed and a quick rally back toward $52.
● HYPE's volatility reflects what's happening across DeFi and altcoins generally. The recent price swings show how quickly speculative money moves in low-liquidity conditions. Staying above $35.50 might pull in bounce traders, but a deeper drop would likely push capital into safer, larger-cap coins.
$HYPE defending $35.50 — critical level! If it holds, we could range between $35.5–$52. But lose that floor, and $30.5 is next. As Mr. CryptoCeek put it
● With the neckline under pressure, everyone's waiting to see if HYPE recovers or lives up to its volatile reputation with another wild swing.
Saad Ullah
