HYPE Price Slips Below $80 – Support Near $74.5 Now in Focus

HYPE was trading near $78.2 after falling below $80, about 20% below its September peak near $98. The token had nearly doubled from roughly $51 in late July to $98 in late September, then pulled back between two Fibonacci retracement levels from that rally, near $80 and $74.5. The $80 mark held as support through mid-October before breaking, and on Monday it capped a bounce at about $80.3. Support sits near $74.5, where the 100-day simple moving average meets the 0.5 Fibonacci level, while resistance is near $86-$87, where the 50-day simple moving average meets the 0.236 Fibonacci level.