Saad Ullah
⬤ HYPE is trying to steady itself after a sharp monthly drop and now trades inside a major weekly demand zone near $29. The token has lost about 30 % in the past month plus traders watch to see if this support level will trigger a rebound.
⬤ The price now sits in a demand region where buyers stepped in earlier. If the $29 zone holds, HYPE could advance toward the $37 resistance level. At the moment the price lingers near the weekly and daily opening levels, a sign of consolidation while the market tests the strength of the support area.
⬤ Token unlocks have increased short term pressure but also created uncertainty among holders. The chart still shows a route toward $38 if demand remains firm - yet resistance between $37 and $38 could block any rally if momentum weakens.
⬤ The reaction at the $29 demand zone will probably decide HYPE's next step. A hold here could shift sentiment as well as allow for higher targets, while a drop below could push the price into weaker liquidity zones. The next few trading sessions will show which outcome occurs.
Saad Ullah
