HYPE is currently retracing into a strong Fibonacci support zone between 0.618 and 0.786, which often acts as a key area for trend continuation.
After a strong bullish impulse, price corrected into this demand zone and has already shown signs of reaction from buyers. This region could serve as a potential accumulation area before the next move upward.
Key Levels
🔹 0.618 Fib: 27.35 – Immediate support
🔹 0.786 Fib: 24.35 – Major support zone
Bullish Scenario
If price holds above the 0.618 level, we could see a continuation toward:
30.00 – Local resistance
32.00 – 33.00 – Previous supply zone
Break above → Potential move to new highs
Bearish Scenario
If the 0.618 support fails, price may drop deeper into the 0.786 support near 24.35 before the next reaction.
⚠️ Always wait for confirmation and manage risk properly.
After a strong bullish impulse, price corrected into this demand zone and has already shown signs of reaction from buyers. This region could serve as a potential accumulation area before the next move upward.
Key Levels
🔹 0.618 Fib: 27.35 – Immediate support
🔹 0.786 Fib: 24.35 – Major support zone
Bullish Scenario
If price holds above the 0.618 level, we could see a continuation toward:
30.00 – Local resistance
32.00 – 33.00 – Previous supply zone
Break above → Potential move to new highs
Bearish Scenario
If the 0.618 support fails, price may drop deeper into the 0.786 support near 24.35 before the next reaction.
⚠️ Always wait for confirmation and manage risk properly.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.