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$HYPE Price just dipped hard to the 27 area after failing near 30. Short-term momentum looks weak, but selling pressure is slowing down.
What the chart shows
1H view: Strong drop, RSI is deep oversold → bounce is possible.
Momentum tools: MACD & KDJ still bearish, but starting to flatten.
Volume: Spike on the drop = panic selling, often seen near local bottoms.
Simple outlook
Short term: A relief bounce toward 28.5 – 29.2 is possible if buyers step in.
Mid term: If price holds above 27, range recovery toward 30 can happen.
Risk zone: Losing 27 may open another leg down.
This is just a personal market view, not financial advice. Market can move fast — manage risk and trade your own plan.