HYPEUSD opened Monday at 72.102 and closed Friday at 61.335, dropping 10.767 points or 14.9%. The week's high print came Wednesday at 75.493 before a violent reversal took price to a low of 60.997 on Friday. Total weekly volume reached 670,347 contracts.
The first three days saw HYPEUSD probe resistance near 75.50, with Monday reaching 75.767 and Tuesday hitting 75.707. Wednesday's spike to 75.493 marked the week's peak before sellers took control.
Thursday's collapse from 74.563 to 64.424 saw the heaviest volume at 205,328 contracts, suggesting capitulation. Friday extended losses to 60.997 before a minor bounce to close at 61.335.
No scheduled economic releases or events appear in the calendar for HYPEUSD next week. Without fundamental catalysts, price action will likely depend on whether support holds at the 60.997 Friday low. If that level breaks, the next support sits at Thursday's 63.001 low. Recovery above 64.424 would need to clear Thursday's 65.993 high to signal stabilization.
Current positioning shows 61.1% of traders long and 38.9% short as of Friday morning. This bullish skew despite the week's 14.9% decline suggests many traders are betting on a bounce from current levels. If price continues lower, these longs could fuel further declines through forced liquidations.
The 60.997 Friday low stands as immediate support. Below that, Thursday's 63.001 low offers the next floor. Resistance starts at Thursday's close of 64.424, then Thursday's high at 65.993. A weekly close back above 72.102 would negate the bearish reversal.
Byline: LHFX Research
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