The price of HYPE has faced strong sales pressure in recent weeks. With the loss of $ 18.5 support level, Token experienced a harsh decline. Technical indicators and market structure show that the probability of recovery in the short term is weak.

Can Hype jump for $ 20?

Hype has been in the trend of fall since mid -February. The loss of the $ 22.2 level caused a major breakage in the market. Exceeding $ 18.5 support increased sales pressure further.

The relative power index (RSI) remains below 40 and confirms the weak momentum. In addition, on-lanish volume (OBV) shows a constant decrease. This shows that the buyer power remains weak in the market and that sales pressure is dominant.

$ 14.8 level can be tested in a short term

Liquidity maps show that there are large liquidations at $ 14.8. The price seems to be likely to make a short -term leap to this level. However, this rise is required to be permanent.

If market players target liquidation levels, there may be a recovery between $ 14.8-15 at the weekend. However, as of Monday, these gains are expected to be deleted and the price will be re -$ 12 support.

Can Hype fall below $ 12?

The $ 12 level stands out as a critical support tested in December. If the market cannot resist the sellers, this level may come up again. Technical analysis shows that the decline tendency continues and the levels of $ 21.5 and 24.95 should be exceeded for the transition to the bull market.

The most critical question for HYPE investors in the coming days will be whether these support levels can be protected. If Hype falls below $ 12, the door of deeper losses can be opened.