HYPE Analysis: Consolidation Continues Amid Key Liquidity ZonesCurrent Dynamics
GETTEX:HYPE is experiencing a correction following resistance above the $30 level. Price action is moving downward, testing zones of imbalance and liquidity.
The ongoing correction is forming a structure conducive to future growth.
Liquidity zones between $22-23 are particularly important, offering potential opportunities for long entries. This range creates an attractive entry point for spot or futures positions. Establishing a strong base here would signal potential for upward momentum.
Resistance at $30-32 remains a critical barrier. A breakout above this level could lead to a push toward $40.
A confirmed breakout could accelerate GETTEX:HYPE toward $40.
Trading Strategy
Current price action offers clear opportunities for managing positions:
$22-23: Ideal for placing bids; watch for a stable base formation.
Use stop orders below key liquidity levels to manage downside risk.
Monitor for price holding above these levels, signaling readiness for a new upward impulse.
