$HYPE Technical Check — Pressure Building, Big Move Loading…
Hyperliquid ($HYPE) just slipped under the $29.37 support, but the reaction is exactly what bulls wanted — buyers are stepping in hard at lower levels. 👀
The RSI is quietly forming a bullish divergence, hinting that sellers are finally losing momentum. If bulls can drag price back above the 20-day EMA at $32.53, we could see momentum flip fast and a fresh wave of upside ignite. ⚡📈
But let’s keep it real…
If HYPE gets rejected here or at the EMA, bears will try to press the market lower again — and that opens the door for a retest of the October 10th low at $20.82.
This is one of those setups where volatility is coiling, liquidity is shifting, and something big is brewing. Stay sharp — the next decisive move is closer than it looks.
