HYPE Drops Below Ten-Day Floor as Traders Watch $88-$92 Zone
- —HYPE trades near $89.2-$89.4 after a local high around $100
- —Breakdown volume was 3-4x larger than preceding bars
- —4-hour RSI fell to 39.34 versus its 46.69 average
- —HYPE market cap slipped from $21.6B to about $20.4B
Why it matters: A close below $88 would put the $80-$82 zone in focus, where the ascending trendline and former resistance converge.
Source: The Cryptonomist