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HYPE token forms death cross but may rebound if $62 support holds

Technical Signals
23 Jun 2026
FXEmpire
View Source
Neutral
pluang ai news

The HYPE token has formed a bearish 20-4H/50-4H EMA death cross, signaling weakening short-term momentum and a potential short-term selloff. However, previous death crosses led to brief declines followed by rebounds from oversold conditions. Currently, HYPE is testing a key support cluster around $62, which if held, could trigger a rebound toward $67–$68 and possibly higher. A failure to hold this support could see prices drop to around $57.50, but a bounce from there would maintain the broader bullish trend.

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