$HYPE Heading Back to $30?

Price is rejecting off the local range high and this diagonal resistance near the upper supply zone.

As long as price stays capped below this trendline, I’m expecting a rotation lower into the $36–34 area first, which is the first key support and value zone to watch.

If buyers fail to reclaim $40 after that retest, then the bigger focus shifts lower toward the $30–27 region. That area lines up with stronger HTF support and becomes the key zone that needs to hold to avoid a deeper sell-off.

For now, acceptance below resistance favors patience and lower bids rather than chasing highs.