1 month ago
6
Key Takeaways
- HYPE drops to $67.8 on Coinbase, down 1.78% for the day.
- Trump told reporters in Ankara he “thinks” the Iran MoU is over.
- Rising trendline and 50 SMA at $64.42 form the first defensive zone.
- Daily RSI at 53.28 sits neutral, offering no directional edge yet.
Speaking to reporters at the NATO summit in Ankara, Trump said he thinks the June 17 Islamabad Memorandum of Understanding with Iran is “over”, per Al Jazeera. The wording matters: Trump did not announce a formal withdrawal from the framework, he stated his personal read that it no longer holds. That distinction leaves the diplomatic status ambiguous, but the market treated the comment as a directional signal.
How HYPE Is Positioned on the Chart
HYPE’s daily structure remains constructive despite the pullback. Price sits above the 50 SMA at $64.42, above the rising trendline drawn from the May $38 low, and ab...
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