HYPE Rejected at Highs — Downside Still in Play
HYPER
--
--
$HYPE attempted a push to the upside but was rejected very quickly, making it clear that buyers couldn’t hold price above this zone. The move ran straight into a previous supply area where sellers stepped in aggressively, and there was no acceptance at higher levels. Momentum is now fading and the structure is beginning to form a lower high, suggesting this push up was more of an exhaustion move than true continuation. As long as this area continues to act as resistance, the downside remains favored.