HYPE Price Plummets 30%, Sparks Potential Rebound Interest

HYPE cryptocurrency has experienced a sharp drop of 30% in its monthly price chart, followed by an 8% rebound within the past 24 hours. Despite this significant decline, trading volume surged to over $525 million, indicating increased investor participation. Analysts attribute the recent downturn to the asset’s continued presence in bearish pressure near the $33.50 level. Traders are now closely monitoring key support levels around $29, anticipating a possible price rally towards the $37 resistance zone. HYPE’s price movement has sparked discussions among traders and market analysts regarding potential rebound interest.