HYPE Bulls Show Clear Effort to Defend the $24 Level But Volatility Shakes Shorts
The post HYPE Bulls Show Clear Effort to Defend the $24 Level But Volatility Shakes Shorts appeared on BitcoinEthereumNews.com.
Key Insights: HYPE defends the $24 support as the Yearly Open for 2025 and 2026 aligns, reinforcing a critical trading zone. A Hyperliquid whale recovered a $600M ETH long to breakeven after being down $50M, showing leverage impact on markets. Weekend sweeps below $24 failed as HYPE rebounded, while tight stop-losses and whale activity influence short-term trades. HYPE Bulls Show Clear Effort to Defend the $24 Level But Volatility Shakes Shorts The token has shown strong support at the $24 level after recent price swings. The token tested lower levels during the weekend but quickly recovered. Analysts note that the Yearly Open for both 2025 and 2026 aligns at this area. This alignment creates a strong reference point for traders watching HYPE closely. Market participants continue to monitor this range for potential long opportunities with cautious stops. HYPE Price Support and Yearly Open Confluence HYPE’s price action shows clear efforts to defend the $24 support zone. The Yearly Open remaining identical for consecutive years strengthens this level. Traders often watch yearly opens for critical support and resistance signals. $HYPE Clear effort to defend the $24 level. Interestingly, the Yearly Open for 2025 and 2026 is the same, which adds confluence to this area. • Given the weekend sweep below the YO, I’m looking for a long here with a tight stop. The reason for a tight SL is simple:a clean… pic.twitter.com/yiwCWpvZG3 — Scient (@Crypto_Scient) January 3, 2026 A break below this level could trigger further downward movement toward $20.8. Analysts recommend tight stop-losses for positions near this support. The token current range between $23 and $26 shows traders balancing risk and opportunity. Recent Market Activity and Whale Movements Market data indicates that weekend volatility pushed HYPE slightly below its Yearly Open. This sweep below the YO did not hold for…
Filed under: News - @ January 3, 2026 1:24 pm