HYPE Coin Nearing Oversold Territory, Recovery Possible
- Crypto analyst Filthy recently noted that HYPE Coin (HYPE/USD) is sitting at oversold levels we haven’t seen since before it jumped from $10 to over $60. This has traders wondering if we’re looking at another accumulation opportunity after weeks of pullback.
- The token’s currently trading around $39—still up 233% year-to-date despite the recent drop. It bounced off the $34–$35 support zone, showing buyers are coming back in. The RSI is hanging around 50.6, which is basically neutral territory and could signal a shift either way.
- Filthy pointed out that “fundamentals keep getting better, and it’s simultaneously gaining more attention,” referencing recent ecosystem updates and better liquidity. He went further, saying “I don’t think any other asset looks better right now”—pretty bullish on HYPE’s medium-term prospects.
- The recent correction might’ve actually reset things technically, creating a decent risk-reward setup. With strong community backing, rising volume, and growing DeFi integrations, this could mirror the last growth phase.
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