An analyst has indicated that he has begun to accumulate HYPE below the $34 mark, while anticipating a further decline towards the $28 level.
The analyst noted that despite the current downtrend, there may be opportunities for small investments at lower price points. He described his strategy as “nibbling,” which suggests a cautious approach to buying in a declining market.
He highlighted the importance of monitoring price movements closely, especially in light of sustained bearish trends affecting HYPE. The analyst is particularly focused on the $28 area, which he views as a significant price point where buying interest could potentially increase.
Traders and investors alike are advised to keep an eye on overall market conditions, as these could influence HYPE’s performance in the near term.
