$HYPE - Price Outlook:

Despite a bull div RSI, the bias is clearly bearish 📉
Price remains stuck under many key resistances & downtrend.

If we keep it simple: Under the main downtrend, price could fall toward lower fib levels 24.20$ or even 20.00 (0.786); that could be the key bottom.

Key Resistances:
29.60− 30.80 - 33.00− 35.80 | $ 36.00

Seeing another LL makes sense, as the main trend remains pretty bearish on the daily basis & liquidity is outflowing from the previous 500%+ bull move!

Also, less demand, less revenue ==> 📉

To sum up:
🟨Short term outlook: Neutral + FED news tonight at 20:00 UTC+1 🔴
🟥Medium term: Likely bearish under main downtrend
#hype #FedRateCutPrediction #CryptoMarketRebound $HYPE ‌