2026-01-08 00:22:08

HYPE's recent rebound has already failed. From the candlestick pattern, a typical bearish engulfing pattern has appeared, with obvious bearish pressure above, and the key is that during this wave, the large orders kept selling off, showing clear signs of chip escape.

In the short term, the support level is around $23.5. If this price cannot withstand the downward pressure, it may need to find support further down. Of course, the premise is whether the trading volume can sustain this selling pressure. The current question is—are you still holding? The direction of this wave can be seen clearly in the next two or three candlesticks.

HYPE0,36%

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ForkItAllDay

· 01-10 08:49

Bearish engulfing pattern, and it's over. This wave is really fierce. --- The big players are selling off their chips and running. If 23.5 can't hold, it will continue downward. --- Hold tight, brothers. Let's wait for two or three K-lines to see the real situation. --- When trading volume shrinks, there's no hope. How can there be a rebound? --- Still holding? I already ran long ago, hhh. --- This is a classic trap to lure in buyers. It's a bit late to realize now. --- After the support level breaks, that's true panic. Can we still buy the dip now, everyone? --- The bears are so fierce, it feels like it will drop further. Who dares to take over?

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SigmaBrain

· 01-09 14:14

If 23.5 can't hold, it's game over. It feels like big players are dumping the market.

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PebbleHander

· 01-08 00:46

Wow, this wave is going to crash again. If 23.5 doesn't hold, I really have to run away. With such a fierce large order dump, it feels like the market maker is about to cut the leeks. I already sold my holdings long ago. Honestly, looking at this K-line, I really can't hold on. The rebound is just a cover-up. Let's wait and see how it develops later. Are you still bottom-fishing? I dare not move anymore. This rhythm is too uncomfortable. As soon as the bearish engulfing appears, I knew it wasn't good news. The trading volume can't lie.

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0xSunnyDay

· 01-08 00:40

Sold half to preserve the principal, now it depends on whether $23.5 can hold.

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HorizonHunter

· 01-08 00:38

Large sell-off, chips are fleeing, this wave is about to break 23.5 Already fully sold out, it's just painful to watch Once the absorption pattern appears, it's time to run. Now it's too late to regret With such low trading volume, a dip is inevitable Holding are the brave ones, I dare not gamble on these two or three K-lines Another round of leek harvesting, let's see how far it can fall

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CryptoCrazyGF

· 01-08 00:32

The bearish engulfing is real, and big sell-offs are even more brutal... If 23.5 can't hold, I'll cut my losses. I've already exited long ago. Who dares to hold with this kind of volume? If the chips are fleeing, why are there still people bottom-fishing? Truly incredible. It's easy to talk after two or three K-lines, but this blood loss has already become inevitable. The bears are so fierce, the bottom is still far away.

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degenonymous

· 01-08 00:29

It's been running away for a long time. Just look at the trading volume to know something's about to go wrong. The chips are fleeing, I have to escape too. Breaking 23.5 would really be a bad omen; this move is a bit too aggressive. With such fierce large sell orders smashing the market, who would dare to buy? It's another bearish engulfing pattern, and chips are fleeing; the signals are too obvious. Let's wait until the bottom is reached. Entering now is just inviting a knife attack. Why does it feel like all coins have been like this recently? The whole market is searching for a bottom downward. My stop-loss has already been set, but judging by this trend, it might continue to break.

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