This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
$HYPE The breakdown is quite serious, and so far, there are no signs of reversal at all.
The upward reaction we're seeing looks more like a bearish retest of previous key levels.
RSI also shows nothing, no selling signals indicating the trend is weakening like bullish divergence.
Most likely, it will continue to go down from here.