Key Takeaways
Should HYPE bulls prepare for a recovery? Or are they just tilting at windmills? 🌪️🐂
Well, partner, HYPE’s little hoedown up to $43 was mighty pretty, but the daily structure? Still as bearish as a grizzly with a toothache. 🐻⚰️
What are the next price targets? Or should we say, where’s the next tumbleweed gonna land? 🌵💨
The $36 level played coy as a short-term demand zone, while the daily chart pointed its bony finger at $33.10 and $31.18 as the next pit stops on this wild ride. 🚂💥
At the time of scribblin’ this down, Hyperliquid [HYPE] was up 4.3% in the last 24 hours. But don’t let that fool ya-Bitcoin [BTC] got rejected at $116,000 like a suitor at a hoity-toity ball. 💔🎩
In the last 6 hours, HYPE took a spill, retracin’ 7.64% from $43.14 to $39.85. But hey, the trading volume surged 30%, so at least folks are havin’ a good ol’ time watchin’ the chaos. 🎢🍿
The altcoin market had a little bounce in its step lately, and HYPE’s tradin’ volume was dancin’ right along. DefiLlama data showed the DEX was busier than a one-armed paperhanger in October, dominatin’ the top chains by fees. 💃💰
Which way will the next HYPE trend go? Up, down, or sideways into the sunset? 🌅🤔
On the 1-day chart, HYPE took a bearish turn on September 25th, marked in orange like a warning sign on a dusty trail. The price fell below $42.39, and the rally to $51? Not enough to scare off the bears. 🐻⚠️
The volatility on October 10th sent HYPE lower than a snake’s belly in a wagon rut. The $47.1-$50.85 area? That’s a supply zone, and the $32.95-$42.46 area? An imbalance that could send prices tumblin’ like a drunk cowboy. 🤠🌀
The Fibonacci retracement levels say $44.57 is another hurdle, taller than a prairie grass. To flip this structure bullish, HYPE buyers gotta muster more grit than a prospector in a gold rush and push past $51.4. 🏇💪
But here’s the kicker: the RSI’s at 41, showin’ bearish momentum, and the OBV’s been in a downtrend since mid-September, like a slow drip of bad news. So, traders, keep that bearish bias handy, like a trusty six-shooter. 🔫📉
The lower timeframe shows short-term weakness-or is it just nappin’? 😴⏳
On the 1-hour chart, the past two days saw a bullish shift, but at the time of writin’, the hourly swing low at $39.64 was bein’ tested like a greenhorn’s patience. The RSI dipped below 50, reinforcin’ that growin’ bearish momentum. 📉🐻
If a 1-hour session closes below that level, HYPE could drop to $36 or lower, faster than a jackrabbit on a hot griddle. And with the daily structure still bearish, $33.1 and $31.18 are in the cards-so swing traders, keep your eyes peeled. 🃏👀
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2025-10-14 16:12