Hype Price Holds Channel, But Weakening Momentum Raises Concerns
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.