Eseandre Mordi
⬤ HYPE rose after it held the major weekly demand zone. The token jumped from $29 - $30 and gained about 17 %. The price returned to the area last seen before the breakdown and closed back above the weekly open.
⬤ The climb started from the green demand region. Long positions opened in recent days show profit as price moved through the mid range toward $36. If the demand zone keeps holding, the next target is near $37, where the previous selloff began.
⬤ Attention now shifts to how HYPE behaves around the $37 breakdown point - that level is a key resistance where supply may push back - yet steady demand could allow more upside. The current structure hints at a stabilizing trend while buyers remain in control.
⬤ The fast rebound from $29 - $30 shows how quickly sentiment turns when a solid demand zone holds. The reaction around $37 will decide whether HYPE extends the recovery or stalls and consolidates near the old resistance.
Eseandre Mordi
