HYPE loses its uptrend as traders watch $47-$54, $38-$43, and $34 support zones after warning of deeper sell-off risk.
HYPE has lost its uptrend, shifting trader attention to lower support zones and possible downside risk. Michaël van de Poppe said he will now take a more passive approach to trading HYPE.
He noted that the last similar trend break saw price fall from €50 to €15. The comment added caution as traders assess whether weakness can extend further.
Crypto Patel offered a different view, pointing to lower demand zones that may attract buyers. He said institutional-style setups often appear when price revisits liquidity areas.
The market now faces a test between trend damage and possible support recovery. Traders are watching whether HYPE protects key levels or enters a deeper sell-off.
Uptrend Break Changes HYPE Setup
Michaël van de Poppe said HYPE has lost its uptrend. Because of that, he said he will become more passive on possible trades. His view reflects caution after the latest technical break.
He also compared the current move with an earlier market phase. In that case, HYPE dropped from €50 to €15 after losing trend support. The comparison has placed downside risk back in focus.
$HYPE has lost the uptrend unfortunately, which means that I'm going to be more passive on a potential trade.
Last time this occurred, price fell from €50 to €15.
There will be a time to be aggressive, there will be a time to be passive, and that's right now. pic.twitter.com/hQepnOLbkK
— Michaël van de Poppe (@CryptoMichNL) July 24, 2026
Van de Poppe said some periods require patience instead of aggressive trading. That comment suggests he is waiting for clearer market structure. For now, the broken uptrend remains the main bearish signal.
Demand Zones Remain on Watch
Crypto Patel said HYPE may be entering an important weekly demand area. He named the $47-$54 fair value gap as one zone to watch. He also pointed to a bullish order block between $38 and $43.
$HYPE Is Repeating The Same Institutional Pattern That Triggered Its Last ATH
Most traders see weakness. Institutional traders see liquidity.
The weekly structure is approaching a high-probability confluence zone where multiple technical factors align:
▶️ Weekly Fair Value Gap… pic.twitter.com/AIx5KaJkQ8— Crypto Patel (@CryptoPatel) July 24, 2026
The analyst said these areas overlap with the 0.382 to 0.5 Fibonacci retracement zone. This creates a support area where buyers may try to defend the structure. However, price still needs a clear reaction before recovery strengthens.
Crypto Patel said the higher-high and higher-low pattern remains intact for now. He also compared the pullback with an earlier correction before a new high. That view depends on buyers defending the current weekly support range.
Read also: Hyperliquid Drives Net Deflation As Daily Buybacks Outpace Rewards Flow
$34 Level Becomes Macro Invalidation
Crypto Patel placed macro invalidation near the $34 level. He said a weekly close below the 0.618 Fibonacci level would weaken the bullish structure. Until then, he views the pullback as a liquidity reset.
Still, the loss of the uptrend has made traders more careful. A failure to hold the $47-$54 area could bring $38-$43 into focus. If that zone fails, pressure may build toward $34.
The next move may depend on how HYPE reacts inside these support levels. A strong bounce could restart discussions about a return toward earlier highs. Weak demand may keep the sell-off risk active in the coming sessions.
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