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I just rechecked HYPE over the past few days and noticed a few signals worth paying attention to. This token has risen by about 12% over the last 30 days, but when you look at the technical chart, not everything is as good as it looks.
The biggest concern is that trading volume is weakening, while the RSI shows signs of bearish divergence. In addition, long-term holders are accumulating strongly, which could be a sign of fatigue in this rally. The current volume s is only around 7.28M in 24h, not strong enough to sustain the trend.
Looking at key levels, $37 is the point that needs to be broken to break through further, but $28 is an important support zone below. If it breaks below $28 , there could be a sharp sell-off. If you’re holding, you should watch these levels and not be complacent about this rally.