$HYPE HYPE $61.058: +2.55% Day, Bounced 4.8% From $58.224 Low. $61.408 Break or $60.771 Retest?
Quick Look
HYPE is at $61.058, up 2.55% today. 24h range: $59.118 to $61.408. Flow hit 123.41K HYPE / $7.47M. After topping at $72.995 on July 7, HYPE dropped 20.2% to $58.224 on July 18, then ripped 5.4% to $61.408. Perp at $61.026 +2.49%, tracking spot tight.
What The Chart Says: Downtrend, First Reclaim Attempt
1. 4h MAs Still Bearish: MA5 $60.771, MA10 $60.080, MA30 $62.748. Price is above MA5 and MA10, but 2.7% under MA30. MA5 just crossed over MA10 - first golden cross since July 14 breakdown. But MA5 < MA30, so larger trend still bearish. 2. Brutal Drop $72.995 → $58.224: Two legs down. First from $72.995 to $63, bounce to $68, then vertical flush to $58.224 on July 18 with massive red candle. That long lower wick at $58.224 is capitulation + reclaim. 3. MACD Turning: MACD 0.315, DIF -1.083, DEA -1.398. Histogram flipped from heavy red to green, DIF curling up hard to cross DEA. Same setup as July 13 bounce that ran 8% to $68. This is the early momentum flip. 4. Resistance Stack Above: $61.408 24h high is first wall. Above it $62.748 MA30, then $65.609 and $67.30. Needs to reclaim MA30 to flip structure.
Key Levels
The line to hold is $60.771, the MA5. Below it sits $60.080 MA10, then $59.118 24h low and $58.224 swing low.
If Bulls Win: A 4h close over $61.408 opens $62.748 MA30 → $65.609. Break MA30 and downtrend from $72.995 pauses. Next is $68.50 and $70.040. Measured move from $58.224 base projects to $64.50+.
If Bears Step In: Lose $61.058 and $60.771 MA5 is first test. Under that, $60.08 MA10 must hold or this was a dead-cat. Break $59.118 and $58.224 base is back. If $58.224 fails, $56.746 opens, that's 7% down.
Game Plan
Aggressive: Buy dips to $60.771–$60.20 MA5 zone. Stop under $59.80. Target $61.058, then $61.408.
Safe: Wait for 4h close above $62.80 MA30 with rising flow. Then aim for $65.609 and $68.00.
Risk Off: If $60.08 MA10 fails, step aside. This is still counter-trend until MA30 reclaims. Next solid bid is $59.118 to $58.224.
Bottom Line: HYPE flushed 20% from $72.995 to $58.224 with capitulation wick, now bouncing 4.8% with MA5 crossing over MA10 and MACD turning green. Hold $60.771, and $61.408 to $62.748 opens. Lose $60.08, and this pulls back to $59.118 and $58.224 before next leg.
You shorted the $72.995 top or longed $58.224 bottom? What's your level? Drop it below.
$HYPE #Hyperliquid #HYPE #Crypto #SummerCreationCamp
Quick Look
HYPE is at $61.058, up 2.55% today. 24h range: $59.118 to $61.408. Flow hit 123.41K HYPE / $7.47M. After topping at $72.995 on July 7, HYPE dropped 20.2% to $58.224 on July 18, then ripped 5.4% to $61.408. Perp at $61.026 +2.49%, tracking spot tight.
What The Chart Says: Downtrend, First Reclaim Attempt
1. 4h MAs Still Bearish: MA5 $60.771, MA10 $60.080, MA30 $62.748. Price is above MA5 and MA10, but 2.7% under MA30. MA5 just crossed over MA10 - first golden cross since July 14 breakdown. But MA5 < MA30, so larger trend still bearish. 2. Brutal Drop $72.995 → $58.224: Two legs down. First from $72.995 to $63, bounce to $68, then vertical flush to $58.224 on July 18 with massive red candle. That long lower wick at $58.224 is capitulation + reclaim. 3. MACD Turning: MACD 0.315, DIF -1.083, DEA -1.398. Histogram flipped from heavy red to green, DIF curling up hard to cross DEA. Same setup as July 13 bounce that ran 8% to $68. This is the early momentum flip. 4. Resistance Stack Above: $61.408 24h high is first wall. Above it $62.748 MA30, then $65.609 and $67.30. Needs to reclaim MA30 to flip structure.
Key Levels
The line to hold is $60.771, the MA5. Below it sits $60.080 MA10, then $59.118 24h low and $58.224 swing low.
If Bulls Win: A 4h close over $61.408 opens $62.748 MA30 → $65.609. Break MA30 and downtrend from $72.995 pauses. Next is $68.50 and $70.040. Measured move from $58.224 base projects to $64.50+.
If Bears Step In: Lose $61.058 and $60.771 MA5 is first test. Under that, $60.08 MA10 must hold or this was a dead-cat. Break $59.118 and $58.224 base is back. If $58.224 fails, $56.746 opens, that's 7% down.
Game Plan
Aggressive: Buy dips to $60.771–$60.20 MA5 zone. Stop under $59.80. Target $61.058, then $61.408.
Safe: Wait for 4h close above $62.80 MA30 with rising flow. Then aim for $65.609 and $68.00.
Risk Off: If $60.08 MA10 fails, step aside. This is still counter-trend until MA30 reclaims. Next solid bid is $59.118 to $58.224.
Bottom Line: HYPE flushed 20% from $72.995 to $58.224 with capitulation wick, now bouncing 4.8% with MA5 crossing over MA10 and MACD turning green. Hold $60.771, and $61.408 to $62.748 opens. Lose $60.08, and this pulls back to $59.118 and $58.224 before next leg.
You shorted the $72.995 top or longed $58.224 bottom? What's your level? Drop it below.
$HYPE #Hyperliquid #HYPE #Crypto #SummerCreationCamp
