HYPE: Van de Poppe Eyes Descent to $45
HYPE trades at $52.34 after Michaël van de Poppe flagged a move toward $45 as EMA50 resistance and MACD death cross reinforce bearish structure on the 4h chart.
SourceAnalysis
HYPE is pulling back from recent levels, with Michaël van de Poppe highlighting the path to $45 as the next zone of interest.
Price sits at $52.34 inside the Bollinger Bands, testing the lower edge near $51.34 while the EMA50 at $55.72 and EMA200 at $60.87 act as stacked resistance overhead. The MACD death cross at -1.07 keeps momentum negative and RSI at 37.11 leaves room for further downside before oversold conditions appear, aligning with the HYPE price prediction that targets the $45 handle next.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast