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Hype Price Holds Channel, But Weakening Momentum Raises Concerns

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Hype (HYPE) price remains within its daily ascending channel but shows weakening momentum as indicated by the Relative Strength Index (RSI).

According to data, HYPE is currently trading near $83.5 after falling to a low of $81.5 on September 8. This leaves the cryptocurrency close to the lower boundary of its daily ascending channel.

The RSI has formed lower highs despite price recording higher highs, creating a bearish divergence that suggests weakening bullish momentum rather than a confirmed reversal. However, since the channel remains intact, price has not yet confirmed this warning.

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