HYPE/USDT Technical Analysis (4H Chart)🔍 HYPE/USDT Technical Analysis (4H Chart)
High Time Frame (Daily): Bullish
Despite recent pullbacks, the overall trend remains bullish on the daily timeframe. However, current price action suggests a potential fakeout or legitimate breakdown, as we test key structural and volume-based supports.
Short-Term Time Frame (4H): Bearish
The 4-hour chart displays clear bearish pressure, confirmed by the Three Black Crows candlestick pattern. This signals sustained selling interest and supports the current downward move.
🧱 Key Zones
Supply Zone: $41.7 – $45.9
Strong resistance marked by prior selling pressure and overlapping FVGs.
Demand Zone: $24.4 – $26.3
Historical area of buying support, aligned with a low-volume node and an unfilled FVG.
📏 Fair Value Gaps (FVGs)
Above Price:
Four 4H FVGs act as upside inefficiencies, offering targets in a bullish recovery:
~$34.9
~$36.6
~$37.8
~$40.0 (psychological level & POC cluster)
Below Price:
One major 4H FVG remains unfilled, directly above the demand zone.
📐 Fibonacci Analysis
Price is testing the Golden Pocket (0.618–0.65) from the recent swing low to high.
A clean break below this area (with confirmation) targets the unfilled FVG around $30, and potentially the demand zone ($24.4–$26.3).
📉 Volume Profile Insight
Volume is clustered around $34–$37, indicating strong past market participation.
Very low volume between $29–$30, creating a volume void — if price loses support at the FVG and golden pocket, it could rapidly drop into the demand zone.
🔻 OBV Analysis (Volume Momentum)
OBV has broken below a larger rising wedge, confirming bearish divergence.
A falling wedge is now forming within OBV.
Break below this wedge: Confirms further price breakdown.
Reclaim of the larger wedge trendline: Suggests potential bullish reversal.
✅ Trade Scenarios
🔺 Bullish Scenario
Trigger: Bullish reversal pattern at the golden pocket (e.g., double bottom, falling wedge, inverse H&S) + OBV recovery.
Entry: Upon confirmation around $32.5.
Targets:
$34.9 (FVG)
$36.6 (FVG)
$37.8 (FVG)
$40.0 (psychological)
Stop: Below $30 or recent swing low (tight below FVG).
🔻 Bearish Scenario
Trigger : Confirmed breakdown of golden pocket & 4H FVG with OBV falling wedge breakdown.
Entry : Below $32.5 with confirmation (e.g., retest or strong momentum candle).
Targets:
$30.0 (psychological level)
$28.5 (FVG zone)
$26.3 → $24.4 (Demand zone)
Stop : Above golden pocket resistance (~$33.8–$34.2).
📝 Conclusion: The market is at a pivotal point. A confirmed break below $32.5 could accelerate selling due to the volume gap, while a strong bullish reaction from the golden pocket could drive a recovery toward $40. Always wait for confirmation before entering either scenario.
