HYPEUSDT.P: Resistance Rejection & Liquidity Zone

Aug 29

🔹 HYPEUSDT.P is showing a mixed market structure after a sharp rejection from the 84.3–85.0 resistance zone. Price previously respected a rising trendline, but the strong bearish move through that structure suggests a short-term shift in momentum. After reaching the 79.2–79.5 area, price has started recovering with a sequence of higher short-term lows and is currently trading around 81.7. The key resistance remains near 84.3–85.0, while the lower 76.5–77.0 region is marked as a broader liquidity area.

🔸 If price continues to recover, a sustained move above the resistance zone could provide confirmation of renewed bullish structure. However, rejection near resistance could keep the market vulnerable to another bearish move toward lower support and the highlighted liquidity area. Traders may wait for clear price confirmation and a decisive structural reaction before considering any trade. If the resistance zone fails to hold, downside pressure could increase; alternatively, a confirmed breakout could shift the short-term structure more positively.

This analysis is for educational purposes only and does not constitute financial or investment advice. Always conduct your own research before making trading decisions.

Aug 29

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