Overview

• HYPE trades near $44 with a fourth straight daily decline, keeping the $44–$45 zone as the immediate defense area.
• A clean move above $50 would confirm a potential inverse head‑and‑shoulders pattern and could force shorts to cover, with about $17.6 million in short positions noted.
• Price action remains range‑bound below the $50 ceiling, with RSI near neutral and Bollinger Bands tightening to signal a likely volatility expansion.
• Some analysts warn of a Wyckoff distribution on the daily chart and flag roughly $500 million in monthly token unlocks starting in November that could pressure price.
• If current support fails, projections cite a pullback toward $40 initially, with prior technical targets outlined at $38, $30 and $20 if weakness deepens.