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<p>$HYPE failing to reclaim the $35 breakout after a strong move from local support.

Clear upthrust action. Broke out, failed to hold, re-entered the prior range = bearish price action until $35 is reclaimed.

Rejected right at the 200-day SMA and trading well below it, confirming the chart is still in a macro downtrend.

Local support needs to hold here. Lose it and that ~$28 zone gets swept eventually.</p>

$HYPE failing to reclaim the $35 breakout after a strong move from local support.
Clear upthrust action. Broke out, failed to hold, re-entered the prior range = bearish price action until $35 is reclaimed.
Rejected right at the 200-day SMA and trading well below it, confirming the chart is still in a macro downtrend.
Local support needs to hold here. Lose it and that ~$28 zone gets swept eventually.

$HYPE failing to reclaim the $35 breakout after a strong move from local support. Clear upthrust action. Broke out, failed to hold, re-entered the prior range = bearish price action until $35 is reclaimed. Rejected right at the 200-day SMA and trading well below it, confirming the chart is still in a macro downtrend. Local support needs to hold here. Lose it and that ~$28 zone gets swept eventually.

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