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Following
HYPE HYPE loses its upward trend, and traders focus on the support levels of US$47 -54, US$38 -43 and US$34.
HYPE, a popular cryptocurrency token, has lost its previous upward trend, triggering close attention from market participants. As prices fall below the established upward trend, traders are currently focusing on several key support areas, including $47 -54,$38 -43 and $34, amid growing concerns about the possibility of a deeper sell-off.
Uptrend breakthrough changes trading strategy
Technical analyst Michaël van de Poppe said that HYPE's recent technical break requires a more passive trading attitude towards the token. He warned that similar breaks in the early stages had caused HYPE to plummet from 50 euros to 15 euros, highlighting the risks of losing trends.
"HYPE has lost its upward trend, so I plan to be more passive in trading. The last time a similar breakthrough occurred, prices fell from 50 euros to 15 euros. There are times when we operate aggressively, and there are times when we need patience-now we need caution." Van de Poppe suggested that given the loss of current trends, traders may need to wait for clearer signals of price action before actively re-entering. Currently, this break is a warning sign for both short-term and long-term market participants.
Institutional demand areas under review
Another well-known market analyst, Crypto Patel, provides a more optimistic perspective. He pointed to several lower demand areas-particularly $47 -54 and $38 -43-that could see institutional buying layouts if HYPE returns to these levels. Crypto Patel said: "HYPE is entering a weekly demand area with a fair value gap of $47 -54 and a bullish order block between $38 -43. Even if most traders see the current weakness, these areas may attract institutional buyers."
According to Crypto Patel, these areas coincide with Fibonacci pullbacks of 0.382 to 0.5. The overlap in technology creates a potential support belt where buyers may try to defend structures. However, before recovery discussions gain momentum, the market needs confirmation of price action. Patel believes that while the token's structure-characterized by a series of higher highs and higher lows-is still intact for now, its resilience will be tested in these demand areas. He compared it to previous pullbacks, which ultimately pushed new highs as long as key support was held.
Bullish order block: In technical analysis, it refers to the price range where institutional investors have historically experienced a large amount of buying activity, providing potential support areas during the correction.
US$34 considered critical failure level
For broader trend reversals, Patel sets the macro failure point at $34. A weekly candle closing below this threshold (consistent with the 0.618 Fibonacci pullback level) would severely damage the bullish structure and suggest further downside. As long as this level does not fall below, he believes the current correction is a reset of market liquidity rather than the beginning of a deeper collapse.
Traders remain highly vigilant as HYPE consolidates in these technical areas. If the $47 -54 range falls, market attention may quickly shift to $38 -43 as the next key level. Below this, the $34 area is the last main support before a major break occurs.
Support areas and technical significance
US$47 -54: Fair value gap, first buyer intervention area
US$38 -43: Bullish order block, next institutional demand area
US$34: Macro failure level/Fibonacci 0.618, significant trend reversal risk
Market participants are currently waiting for HYPE's response in these areas, which will determine whether a sustained recovery is occurring or whether a deeper decline is still possible in the coming trading session.
