HYPE Price Breaks Its Uptrend as Traders Brace for Another Major Market Sell-Off
HYPE loses its uptrend as traders watch $47-$54, $38-$43, and $34 support zones after warning of deeper sell-off risk.
HYPE has lost its uptrend, shifting trader attention to lower support zones and possible downside risk. Michaรซl van de Poppe said he will now take a more passive approach to trading HYPE.
He noted that the last similar trend break saw price fall from โฌ50 to โฌ15. The comment added caution as traders assess whether weakness can extend further.
Crypto Patel offered a different view, pointing to lower demand zones that may attract buyers. He said institutional-style setups often appear when price revisits liquidity areas.
The market now faces a test between trend damage and possible support recovery. Traders are watching whether HYPE protects key levels or enters a deeper sell-off.
Uptrend Break Changes HYPE Setup
Michaรซl van de Poppe said HYPE has lost its uptrend. Because of that, he said he will become more passive on possible trades. His view reflects caution after the latest technical break.
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