Hyperliquid / Tether
Long

Lingrid | HYPEUSDT Possible Rebound from Support Zone

718
HYPEUSDT is pressing into a well-defined support band after an extended slide inside a descending channel. The latest decline shows signs of deceleration, with price stabilizing near prior demand where buyers previously stepped in. This zone may act as a base, especially if downside momentum continues to weaken rather than accelerate.

If price manages to hold above the 22–23 area, a rebound toward 28 could start forming, where former range resistance and the descending trendline converge. A clean reaction from support would likely shift market focus from continuation selling to a corrective recovery phase.

➡️ Primary scenario: support at 22–23 holds → rebound toward 28.
⚠️ Risk scenario: failure below support opens the path toward the lower channel near 20.
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!

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