2026-01-13 03:25:48

From the recent market situation, HYPE's technical indicators indeed show obvious resistance.

The most direct manifestation is the moving average suppression. The price has been operating below EMA(7) and EMA(25) for a long time, making the holding costs at this level quite heavy, and breaking through effectively is no easy task. Looking upward, there is dense trapped selling, while downward, there is a lack of buying support.

What is more worth noting is the trend structure. A typical downward channel has already formed, with highs gradually decreasing. The rebound from the recent bearish engulfing pattern was weak, indicating limited bullish momentum. Under this situation, the risk of bottom-fishing is seriously underestimated.

Key levels are also issuing warnings. The 24.1 threshold is precarious; once it is broken, the previous low at 22.1 becomes an inevitable target. If even this cannot be held, the 20.0 integer level is not far away. The market won't give you much time to think.

Overall, following the trend is the hard truth. Before confirming an upward breakout, aggressive long positions should be approached with caution.

HYPE-2.69%

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DoomCanister

· 2h ago

24.1 if you can't hold it, just go straight to 20.0, anyway, looking at these numbers every day is also exhausting.

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WalletWhisperer

· 2h ago

Once again, trapped sellers are pressing down, and this wave of HYPE really leaves no room to breathe.

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FallingLeaf

· 2h ago

The moving averages are crushing it, there's really nothing more to say. --- Once 24.1 breaks, it will head straight to 20.0. Don't expect any rebound. --- Those bottom-fishing are all cannon fodder. Just wait to get liquidated if you go in now. --- The downtrend channel is so obvious, and some still dare to leverage? --- Wait for a breakout before talking. Going in now is just seeking刺激. --- With so many trapped positions, who gives you the strength for a rebound? --- If the trend is downward, just stay short honestly. Do you really want to gamble? --- Even 22.1 might not hold. What support are you talking about?

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