Overview

• HYPE trades in the mid-$40s after repeated failures to clear the $48–$50 band, keeping price capped below the $50–$52 pivot.
• Intraday structure has weakened with a bear‑flag break and a first lower low, putting the $45–$47 support zone in focus.
• Whale positioning skews bearish, with 53.5% of large accounts short and about $5.21B in shorts versus $4.53B in longs out of roughly $9.73B open interest.
• On‑chain flow points to market‑maker, delta‑neutral activity that may be accumulating beneath visible sell pressure.
• A head‑and‑shoulders neckline near $42 defines the downside risk, while buybacks, staking and steady large holders support a longer‑term bullish case that some analysts say could revive toward $55–$60 if $50–$52 is reclaimed.