🐻 $HYPE in consolidation phase, but honestly it's got a pretty bearish vibe to it right now. I'm leaning cautious short here.
Looking at the volume, that big red candle dropping from around 25.3 down to 24.3 came with a massive spike—over 2 million in volume, feels like a real capitulation moment where sellers just dumped everything. Then, the bounces after that? Way lower volume on the ups, which tells me buyers aren't super convinced yet. Classic bearish sign: heavy selling on the drops, weak interest on the recoveries.
On the capital flows, futures contracts are bleeding red across the board—like -4.1M USDT in the last hour and -13.6M over 24 hours. That's screaming sustained selling pressure from the speculators. But flip to spot, and it's actually positive lately (+369.7k in 4 hours, +1.35M in 24), so maybe some folks are scooping up at these dips for the long haul. Interesting split: futures crowd betting down, spot buyers accumulating. For a quick 1-hour trade though, those short-term negative flows are hard to ignore—they're pointing to more downside soon.
Best entry short $HYPE
Wait for a pullback up to that resistance level around 25.01 USDT—that'd be a solid spot to jump in short. Or if it cracks below Support level at 24.29 with volume picking up, that's your continuation signal.
For stop-loss, I'd set it about 3% above entry—say, if you get in at 25.01, stop at roughly 25.76
Targets $HYPE : Aim for Support level at 23.82 first. If it keeps sliding, next support level is 23.57. But yeah, if support 23,82 holds firm on a retest, bail—thesis busted.
What do you guys think, anyone seeing a reversal here?
#hype #hypeusdt #Hyperliquid