🔴 Long Liquidation Alert — $HYPE
$62.06 is the immediate support catching leveraged long positions. Price action here is delicate — a slip below could accelerate selling toward the next major levels.
· Support: $62.06 – $61.80
· Resistance: $62.40 – $62.80
· Next Target: $61.50, then $61.00
If $62.06 holds as support, we might see a relief bounce toward $62.40. Conversely, a breakdown with volume would likely push price toward $61.50 as the next downside target.
A clean reclaim above $62.80 is required to shift the short-term bias back to neutral. Without that, downside risk persists.
For now, momentum favors caution until the market confirms direction.
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