A drift lower or a violent squeeze? According to

According to AMBCrypto’s analysis, HYPE holders are taking a step back from the market as bearish sentiments strengthen. 

Stochastic RSI dropped to 62.10 after a bearish crossover from 74.12. The Relative Vigor Index dipped to 0.0917, confirming the weakness.

When these indicators come together, they point towards a price breakdown. Therefore, if these conditions persist, HYPE could drop to $36.8. 

However, if sentiment flips, a bounce would liquidate shorts, causing the price to hike to $41. Thus, the next move solely depends on how spot buyers react to the market.