1 week ago
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Key Takeaways
- HYPE has slipped below the 50% retracement of its spring advance.
- The token is testing its 100-day moving average near $56.7.
- Recovering $57.6 could support a rebound toward $62.
- A confirmed loss of the current support zone would expose $53.
- HYPE does not yet have enough trading history for a 200-day moving average.
HYPE trades near $57 at the time of writing after slipping beneath the 0.5 Fibonacci retracement close to $57.6. That level marks the midpoint of the token’s advance from approximately $38 to $77.
The pullback has brought price directly to the 100-day simple moving average near $56.7. Together with the psychological $57 level, it forms the final visible support zone before the deeper 0.618 Fibonacci retracement near $53.
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