HYPE just lost its support at $40. How low can it go?<\/p>\n
Key Support levels: $37, $32<\/strong><\/p>\n Key Resistance levels: $40, $43<\/strong><\/p>\n The market seems to be turning around after HYPE failed to sustain its price above $40. This level has now turned into a key resistance, and sellers are aiming for $37 next. Should that level also fall, then HYPE will likely find support just above $32.<\/p>\n After being absent for months, bears are back, and they mean business. In the past four days, HYPE closed each daily candle in red. This has scattered any buyers as the price is in search of support. Hopefully, this cryptocurrency can find some relief around $37, which should act as a key support.<\/p>\n The 3-day MACD did a major bearish cross, which signals that HYPE is entering a significant correction that can last several weeks, at minimum. With sellers having the upper hand, the price could very well visit the low $30s if buyers remain shy.<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n1. Downtrend Intensifies<\/h2>\n
2. Bears Return in Force<\/h2>\n
![\"HYPEUSDT_2025-08-01_20-22-35\"](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/HYPEUSDT_2025-08-01_19-37-00.png\")
3. Major Bearish Cross<\/h2>\n
\nBinance Free $600 (CryptoPotato Exclusive): Use this link<\/a> to register a new account and receive $600 exclusive welcome offer on Binance<\/b> (full details<\/a>).<\/p>\n