$HYPE

The short liquidation at $35.42 signals bears being forced out as price surged upward through key levels, often indicating trend continuation. Price has now formed a solid support zone near $34.10, which should act as a critical area for any pullback. Holding above this level keeps bullish momentum intact, with immediate resistance waiting near $37.20. A breakout above that resistance opens the path toward the next upside target around $40.00, aligning with previous rejection zones. The squeeze reflects strong demand entering the market, typically supporting further upside movement. If price loses $34.10, a deeper retrace toward $32.00 could occur before buyers attempt another push higher. Overall bias remains bullish after the short squeeze event. $HYPE ‌