Sergey Diakov
HYPE Coin is facing mounting selling pressure as technical indicators reveal an increasingly bearish structure. After a brief rebound attempt failed, the price confirmed the downtrend that's been in play for weeks. Sellers remain in control.
Bearish Structure Taking Shape
Crypto analyst Sjuul | AltCryptoGems maintains his bearish stance, advising patience rather than fighting the trend. HYPE keeps hitting resistance while carving out fresh lower lows—textbook bear market behavior with momentum firmly on the sellers' side.
The 12-hour HYPE/USDT chart shows a clear descending pattern. After printing a lower low in October, the token attempted a comeback but got rejected near $48, forming a lower high. Price has since drifted to $37, testing mid-range support. If this breaks, the next target is $34, followed by $30–$32 if selling continues. Bulls would need to reclaim $42–$44 for any meaningful stabilization.
Broader Altcoin Weakness
HYPE's decline mirrors weakness across altcoins as liquidity dries up and money flows back to Bitcoin and Ethereum. The token has respected resistance zones and descending patterns, making counter-trend trades risky. Without a catalyst, short-term rallies are being sold quickly—a hallmark of bear markets where bounces are exit opportunities.
What to Watch For
The smart play is waiting for confirmed reversal signals:
- A higher low forming above $34–$35, showing buyers stepping in.
- A strong breakout above $44–$48 with solid volume.
Until then, traders are staying defensive, using rallies to reduce exposure.
Near-Term Outlook
With lower highs and lows stacking up, HYPE's path remains bearish near-term. However, extended downtrends often precede accumulation phases if selling volume tapers and support holds. If HYPE stabilizes above $34, it could attract value buyers—but for now, the structure stays firmly bearish, validating that patience beats prediction in downtrends.
Sergey Diakov
