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HYPE just smashed through that bullish demand zone and broke below the monthly lows. Now we're watching it move into price discovery territory.
Here's what's got me thinking—could this signal something bigger for the overall crypto market? Like, are we about to see a bearish wave roll through in the next day or so?
The correlation between individual altcoin breakdowns and broader market sentiment isn't always straightforward, but when a project breaks key support levels like this, it sometimes acts as a canary in the coal mine.
Anyone else tracking similar patterns across other tokens right now?