HYPE drops 5.51% to $85.38, tests key support levels
- —HYPE fell 5.51% to $85.38 on $1.08B volume, 12.36% above the 30-day average
- —Price sits below SMA-7, SMA-15 and SMA-30; daily low $82.77, SMA-50 at $85.17
- —Bearish MACD and RSI at 46 show weak momentum without confirmed oversold conditions
- —A $330M OTC HYPE distribution adds supply risk but is not a confirmed cause
Why it matters: Holding the $85.17 SMA-50 and the $82.77 daily low will determine whether HYPE extends its correction or starts to recover.
Source: DiarioBitcoin