2026-01-09 23:38:04

HYPE shows weakness across multiple timeframes, currently trading around $25, with a market cap surpassing $6 billion, ranking 31st. From the 12-hour candlestick chart, the bearish flag pattern has formed below $27. Once a valid breakout occurs, the downside target points to $19, with an extreme case potentially reaching $17. In the short term, momentum clearly favors the bears. However, it is worth noting that Grayscale has recently submitted trust product filings for HYPE and BNB, gradually approaching spot ETF approval—if this positive development materializes, it could inject new buying interest into the market. From a technical perspective, whether the price can hold above $27 will determine whether the market continues to decline or seeks a rebound.

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CommunityLurker

· 01-11 01:45

Holding $27 is the key to survival; otherwise, it could really drop to $17. If Grayscale's move actually materializes, it can save this situation. In the short term, bears still have the advantage; let's wait for the signals. It's another story of waiting for the ETF, heard it many times... Still willing to buy at $25? I'll wait and see. Who can withstand the flag pattern breakdown? $19 is not a dream; just to be safe, I'm still observing.

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TradFiRefugee

· 01-10 00:47

Holding onto 27 yuan is really breaking me, can Grayscale's positive news save me?

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GmGmNoGn

· 01-10 00:07

Don't break this 27 line, or you'll be waiting to see 19... But Grayscale's move is a bit interesting. --- HYPE now is just betting whether Grayscale's ETF can pass. If it passes, buy orders will come in, but it will just keep falling like a dog. --- Weak trend is nonsense; just say it's a crash. It still needs institutional rescue to turn around. --- I'll buy in at $17. There's no point at this price now. --- $27 is the life and death line. My stop-loss is set right here. --- If Grayscale really gets implemented, then it's a different story. Otherwise, it's just a downward channel. --- Let's wait and see the Grayscale news. Anyway, there's no hope in the short term.

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LiquidityWizard

· 01-10 00:06

tbh the $27 support line is basically where the math breaks down or doesn't—empirically speaking, we're looking at like a 60-40 downside scenario if grayscale doesn't actually deliver on those filings. statistically significant copium rn ngl

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GateUser-beba108d

· 01-10 00:04

If $27 can't hold, then it really needs to be pushed down... But if Grayscale's move really passes, it will be another wave of new narrative hype.

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CounterIndicator

· 01-10 00:04

If you can't hold $27, you'll really start to panic. If Grayscale really passes, it's not too late to go long afterward.

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ZKProofEnthusiast

· 01-09 23:56

If we can't hold the key level at $27, then we have to prepare to see 19. However, if Grayscale's application is truly approved, a rebound is still possible.

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