HYPE has lost its uptrend, putting trader focus on lower support zones and the risk of a deeper sell-off. Market participants are now watching whether the token can defend key levels at $47-$54, $38-$43 and $34 after analysts highlighted a change in its technical structure.

Michaël van de Poppe said he would take a more passive approach to potential HYPE trades after the break in trend. He noted that during the last comparable trend break, the price fell from €50 to €15, a comparison that added caution as traders assess whether the current weakness could extend further.

Crypto Patel presented a different technical view, pointing to lower demand zones that may attract buyers. He said institutional-style setups often appear when price revisits liquidity areas, and argued that HYPE is approaching a weekly zone where several technical factors align.

The market now faces a test between the damage caused by the lost uptrend and the possibility of support recovery. Traders are watching whether HYPE can protect its key levels or move into a deeper sell-off.

Uptrend Break Changes HYPE Setup

Van de Poppe said HYPE has lost its uptrend and, as a result, he plans to be more cautious with potential trades. His comments reflected a more defensive stance after the latest technical break.

He compared the current move with an earlier market phase in which HYPE fell from €50 to €15 after losing trend support. That comparison has brought downside risk back into focus for traders following the token.

$HYPE has lost the uptrend unfortunately, which means that I'm going to be more passive on a potential trade.

Last time this occurred, price fell from €50 to €15.

There will be a time to be aggressive, there will be a time to be passive, and that's right now. pic.twitter.com/hQepnOLbkK

— Michaël van de Poppe (@CryptoMichNL) July 24, 2026

https://x.com/CryptoMichNL/status/2080718656401789211?ref_src=twsrc%5Etfw

Van de Poppe said some periods call for patience rather than aggressive trading. His remarks suggest he is waiting for clearer market structure before taking a more active position. For now, the broken uptrend remains the main bearish signal in his assessment.

For technical traders, a broken uptrend often shifts attention from momentum continuation to confirmation signals such as reclaimed trend lines, higher lows or weekly closes above key areas. Without that confirmation, support zones can act as reference points rather than proof that selling pressure has ended.

Demand Zones Remain in Focus

Crypto Patel said HYPE may be entering an important weekly demand area. He identified the $47-$54 fair value gap as one zone to watch and also pointed to a bullish order block between $38 and $43.

$HYPE Is Repeating The Same Institutional Pattern That Triggered Its Last ATH

Most traders see weakness. Institutional traders see liquidity.

The weekly structure is approaching a high-probability confluence zone where multiple technical factors align: ▶️ Weekly Fair Value Gap… pic.twitter.com/AIx5KaJkQ8

— Crypto Patel (@CryptoPatel) July 24, 2026

https://x.com/CryptoPatel/status/2080510535078916214?ref_src=twsrc%5Etfw

The analyst said those areas overlap with the 0.382 to 0.5 Fibonacci retracement zone. In his view, that overlap creates a support area where buyers may attempt to defend the broader structure. However, price still needs to show a clear reaction before any recovery argument strengthens.

Fair value gaps, order blocks and Fibonacci retracement levels are commonly used chart-based tools for mapping potential liquidity and demand areas. They do not guarantee a reversal, but they help traders define where market structure may be tested.

Crypto Patel also said the higher-high and higher-low pattern remains intact for now. He compared the current pullback with an earlier correction that came before a new high. That interpretation depends on buyers continuing to defend the current weekly support range.

$34 Level Becomes Macro Invalidation

Crypto Patel placed macro invalidation near the $34 level. He said a weekly close below the 0.618 Fibonacci level would weaken the bullish structure. Until that happens, he views the pullback as a liquidity reset rather than a confirmed breakdown of the broader setup.

Still, the loss of the uptrend has made traders more cautious. A failure to hold the $47-$54 area could shift attention toward the $38-$43 zone. If that range also fails, pressure could build toward $34.

The next move may depend on how HYPE reacts within these support levels. A strong bounce could renew discussion of a return toward earlier highs, while weak demand may keep sell-off risk active in the coming sessions.