Hut 8 
HUT is approaching a make-or-break zone on the chart.
A clear double top has formed at the upper channel, and price has now fallen back to retest the neckline. This level needs to hold if the larger trend is going to stay intact.
A failure here could trigger a move toward the lower channel support near 26.35, where the broader structure would get its next real test.
If buyers step in and defend this neckline, momentum can shift back in their favor. If not, the chart may need a deeper reset before any real recovery begins.
HUT is approaching a make-or-break zone on the chart.A clear double top has formed at the upper channel, and price has now fallen back to retest the neckline. This level needs to hold if the larger trend is going to stay intact.
A failure here could trigger a move toward the lower channel support near 26.35, where the broader structure would get its next real test.
If buyers step in and defend this neckline, momentum can shift back in their favor. If not, the chart may need a deeper reset before any real recovery begins.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.