HYPEUSDT Faces Bearish Reversal — Rising Channel Breakdown Targets $32.99 and $30.41 After $37.59...

HYPEUSDT faces rejection near $37.59, signaling potential downside after a brief pullback from recent gains.

Stop loss is placed at $39.82, providing a clear invalidation point for traders watching short-term movements.

Downside targets are at $32.99 and $30.41 which are also areas of support observed on the hourly chart formulation.

HYPEUSDT was up 5.1 percent in the last 24 hours and was trading around $37.38. Although the two are on an increase, it is clear that at $37.49, the two are up against an uphill battle and the price momentum is starting to reduce significantly. The setup indicates that sellers could be regaining control after a brief recovery phase. According to the one-hour chart, the short position is positioned at $37.59, with a stop loss at $39.82 and downside targets at $32.99 and $30.41.

The chart structure shows a rising channel pattern, which has acted as a temporary pullback following a previous downtrend. Nonetheless, the price has been struggling to maintain the movement above the mid-channel area. Such recurring rejection reflects low purchasing power in the existing scope and creates the likelihood of a negative breakout should momentum keep trailing off.

Resistance Levels and Trade Structure

The immediate resistance at $37.49 has remained intact despite short-term bullish attempts. Every test of this level has drawn increased selling activity, suggesting that the zone could act as a ceiling for price action in the near term. The invalidation point of the bearish structure is the stop loss that exists at the price of 39.82 since the breakout of this level would disrupt the current technical congruence.

Conversely, the closest support is at $35.08, which has brought temporary stability after a reduction in the intraday. Nevertheless, a price breakout to the downside of this region will make traders eye the lower levels of $32.99 and $30.41. These levels have been in line with the previous demand zones before the current rebound period.

Short-Term Outlook and Key Observations

Notably, HYPEUSDT remains within a narrowing structure where volatility is gradually compressing. These conditions usually follow behind major moves as traders place ahead to the second swing. Although the recent candles are the signs of hesitation, the overall bias is the downside below the level of $37.00 provided that the sellers continue to gain momentum.

Moreover, short-term trend lines indicate that a decline to the level of $32.99 would be the completion of the measured move of the ascending channel. The potential support is close to $30.41 then it is near $26.92, here the long pullbacks may stabilize. Up to date, the action in the market is still closely linked with resistance performance in and around the area at $37.49 which still continues to determine the sentiment in the near future.