$HYPE: Bounce or Trend Reversal? Watch the $42.68 Mid-Band!
The $HYPE Perpetual chart is flashing green after bouncing off recent lows. Is the HYPE coming back?
Quick TA Check:
Current Price: $38.158
RSI(6): $44.242 (Climbing out of the bearish zone - momentum is returning!)
Bollinger Band Mid Line (20, 2):$42.680
🔥 The Critical Point:
The Mid Band ($42.680) is the immediate major resistance. A convincing close ABOVE this level is needed to confirm the short-term bullish reversal and target the $50 range (near the Upper Band).
My Trade View:
Holding above $36.75 is crucial. The rally has momentum, but $42.680 is the make-or-break zone for a real push.
What do you think? Are you ready to see the HYPE push higher, or is this just a short-term bounce?