Hypecoin Hits Range High – Reversal or Breakout Ahead?

Hypecoin has rallied into the range high after reclaiming the range low in a textbook failed auction setup. This area now poses a potential reversal zone unless further strength confirms.

Key Points:

Price reclaimed the range low after a failed auction, leading to an impulsive rise.
Currently testing range high resistance with decreasing momentum and volume.


Outlook:

If Hypecoin fails to break above this resistance, a pullback becomes more likely. However, a strong breakout above the range high with volume confirmation could flip the zone into support and open the door for further upside.

Hypecoin is testing key resistance at its range high after an impulsive rally. A failed auction here could trigger a reversal if bullish momentum doesn’t follow through.