HYPEUSDT - Consolidation Before Further Growth

HYPEUSDT.P is consolidating within both its local and global bullish trends. Technically, this phase appears to be a period of accumulation before a potential continuation of the uptrend



Bitcoin is currently caught between three major forces: the Fed's softer rhetoric, a reversal in ETF flows, and renewed geopolitical tensions in the Middle East. While Bitcoin remains in a countertrend correction within its broader bearish trend, HYPE continues to show relative strength. The market is forming two key trigger levels around the boundaries of the current trading range: 72.09 and 68.30

Resistance levels: 72.09, 77.00
Support levels: 68.30, 65.60

Technically, two scenarios remain in focus before the next bullish leg. The first is a retest of resistance followed by a breakout, where consolidation and a close above 72.09 could trigger further upside. Alternatively, the market may first perform a long squeeze below the 68.30 support level before resuming its upward trend

Best regards,
R. Linda