HYPE Price Prediction: Is $40 the Lifeline for Bulls and Bears? Short Positions May Face Short Squeeze Risk
The recent million-dollar HYPE Whale buy the dip, coupled with the collapse of market sentiment, large-scale long positions Get Liquidated, and the break of the rising trend support level, collectively depict a complex market landscape. Although panic sentiment (FUD) is pervasive and the price movement is weak, the dense short positions liquidation zone above $40 provides technical conditions for a potential oversold Rebound. Traders should closely monitor the contest results at $36.86 (key support) and $40 (key resistance/short positions liquidation zone).