Hyperlicid has lost its high-timframe resistance level at $ 42.24, indicating a failed breakout. Price action is now in a corrective phase, in which the focus shift changes in low support zone as the structure is weak.
Summary
- Hype lost its high-timframe resistance to $ 42.24
- Main support area
- Volume is weak, indication of lack of risk of intensive improvement
In short, after recovering $ 42.24 and after installing a new all-time high, the hyperlicid (hyp) failed to maintain above the hyperlicid (hyp) level, which led to the presence of a growth or fair auction. This breakdown is interested in a corrective mott, the price is currently reaching the point of control, an important support area that has not been tested for this shutdown.
Major technical points
- Failed auction at $ 42.24: The value lost a significant high-timframe resistance, triggering the negative side.
- Support area below: $ 30 control and price fields are low next trade locations.
- volume depletion: Lack of reports at a higher level increases the risk of expanded corrective structure.
The loss of $ 42.24 makes a significant change in motion, the espionage gave that level a briefly ace as support after the new time. This failure now confirms a deviation, a usually indication of recession that can cause deep return. Price action is reaching the point of rapid control, which now serves as the first line of defense in this corrective leg.
If Hype holds points of control on the basis of daily closing, the current pulback can be seen as a healthy improvement with a wide uptrend. However, the failure to hold this area increases the possibility of a continuous decline towards this ISA and has significant liquidity, making it a high-prone bouncy space.
The level of $ 30 should also fail, the next major high-timmframe support les at $ 26.53. A breakdown towards this learning will define a large range between $ 42.24 resistance and $ 26.53 support, which will create a broader rotational structure that maintains the could absent strong directional volume.
From a structural point of view, the rapid trend persists until the price area is honored on a low closing basis. Losing this level will break the current market structure and intraduce deep consolidation or trend reversal scannero.
Volume enlisis confirms weakness. Since printing all-time high, the volume has declared a clear rapid flow. This indicates a lack of demand at a higher level. By the time buyers are convicted, the price is like walking with a comprehensive honor.
What is expected in the upcoming price action
Hyperlic traders should monitor the point of control for signs of support. A grip may be reversed, but the failure may move to $ 30 or even $ 26.53. Confirmation of volume is necessary for any permanent recovery.
