MarketPR
HYPE has pulled back 22% from its record highs and is trading near a key support zone where selling pressure is starting to fade.
The altcoin's futures market activity is also contracting, and spot demand has emerged as the variable that will determine whether the uptrend resumes above $60.
Selling Pressure Eases at a Decision Point The 22% slide from peak has brought HYPE to a level traders are watching as a potential floor.
Selling pressure at the support zone is described as fading — a condition that removes one headwind without adding a tailwind.
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