HYPEUSDT - Dump after pump

[madmax]

HYPEUSDT.P ended its rally in the 35.0 zone, smoothly changing the market phase from pump to dump. The cryptocurrency market is weak, but after a sharp decline, there may be a local correction

Bitcoin fell again to 81K during the Asian session. A strong rebound or uptrend should not be expected at this time. There is no fundamental support for the crypto market. Any attempts at growth may be perceived as a hunt for liquidity before the fall.
Within the framework of the downward trend and the weak state of cryptocurrencies, HYPEUSDT formed a pump phase and tested the local resistance zone of 35.0. The market was unable to reach the liquidity zone of 36.4. Before continuing its decline, against the backdrop of a general market correction, the coin may test 31.38 - 32.90

Resistance levels: 31.38, 32.9
Support levels: 29.98, 28.4, 25.84

If the market rebounds after the fall, the coin may test the resistance zone of 31.38 - 32.9. Another short squeeze and a close below 29.98 could trigger a continuation of the dump down to the interim bottom...