What's next for HYPE? The token is still down 33% from all-time highs of $59. But the 62-day uptrend is broken, and the market is in a correction. I'll wait for a clean reversal signal before considering longs.
The descending channel on the 4H is now confirmed. The lower boundary is $36.80. That's my final target for today's session. If we bounce from there, I'll close the runner and go flat.
Looking at the 2H chart. The RSI just hit 35—not oversold, but approaching. The Stoch RSI is oversold at 12. That could trigger a short-term bounce. I'm not adding more shorts here.