HYPE: Grinds Higher as Shorts Face Squeeze
HYPE at $72.4 grinds higher with shorts squeezed on 4h chart while EMA50 holds at $68.51 and upper Bollinger resistance sits at $72.54.
SourceAnalysis
HYPE keeps grinding higher as shorts get squeezed again on lower timeframes, with price now at $72.4 and momentum building toward previous ATH levels. HYPE price prediction models gain traction as the token rides the broader crypto market structure. On the 4h chart, price tests upper Bollinger resistance at $72.54 while RSI(14) sits neutral at 63.41; the bullish EMA50 support at $68.51 and EMA200 at $65.2 remain intact even as MACD prints a death cross at 1.01, suggesting a healthy retracement to the 50-EMA before continuation. Traders watch for volume confirmation to push through the band and retest prior highs amid ongoing short covering.
Pentoshi
@Pentosh1Builder at Beam and Sophon, advancing decentralized technology solutions.