HYPE price prediction: Can $73 support prevent a drop toward 200-day SMA?
HYPE remains under pressure as geopolitical fears trigger another wave of leveraged selling across crypto. A break below $73 could expose the 200-day SMA near $68.37, with U.S. CPI adding another volatility risk.
The crypto market is facing another broad reduction in leveraged positions. According to CoinGlass, liquidations over the past 24 hours exceeded $1 billion, with long positions accounting for most of the losses.
Sentiment deteriorated sharply after reports that U.S. military strikes on Iran could resume. According to Axios, the U.S. has prepared for potential military operations, although no final decision has been made.
HYPE price eyes $68.37 as bearish momentum persists
HYPE failed to establish itself above $95, activating the bearish scenario outlined previously. The price reached the $85 target and continued lower.
For now, $73 is the most important support level. A sustained move below it could push HYPE toward the 200-day SMA near $68.37. Given the current geopolitical risks, this remains the base case.
Holding above $73 for at least two to three days would invalidate the bearish setup. In that case, the price could rebound toward resistance near $77.
U.S. inflation report could reshape expectations for Fed policy
Beyond geopolitics, the October U.S. CPI report on November 10 will provide another potential source of volatility. According to the official BLS calendar, the data will be released at 8:30 a.m. ET.
For HYPE, the market’s reaction to the inflation figures will be crucial. Higher inflation could reduce expectations for easier Federal Reserve policy and add pressure to speculative assets. Softer data, by contrast, could support renewed demand for risk.
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