Technical analysis by Lingrid about Symbol HYPE: Sell recommendation (17 hour ago)

HYPEUSDT perfectly fulfilled the previous idea . Price is breaking down from the compression zone after repeatedly failing to reclaim the mid-range resistance near 37.50, confirming renewed bearish pressure. The market structure aligns with the broader downward channel, where lower highs and weakening rebounds signal persistent seller control. If price stays below the broken support, a continuation toward the 30.00 level becomes the primary scenario as momentum accelerates to the downside. The broader pattern still reflects a market trapped in distribution, favoring further decline unless buyers reclaim the trendline. ⚠️ Risks: A sharp reclaim of 37.50 could neutralize the bearish continuation setup. Market-wide volatility, especially from BTC, may cause sudden corrective spikes. Failure to maintain momentum below the trendline could lead to short-term consolidation before another move. If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!