$HYPE is struggling to hold its ground after failing to reclaim the VWAP. Every bounce is getting sold off quickly, and the lower highs on the 5m and 15m charts suggest that the path of least resistance is currently down.

Short $HYPE

Entry: 30.45 – 30.75

SL: 31.55

TP1: 29.30

TP2: 28.50

TP3: 27.20

The technical picture shows the price pinned under local resistance with RCI struggling to maintain any bullish momentum. Sellers are stepping in more aggressively on the rebounds, and the overall volume profile remains skewed toward distribution. If the psychological support at 30.00 breaks with conviction, we could see a rapid acceleration toward the recent lows as long positions get squeezed.

Trade $HYPE here 👇

HYPEUSDT

Perp

31.09

-2.11%