How do we identify the support level and rebound for HYPE/USD?
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Reported by Bijie Network: The US dollar against the US dollar (HYPEUSD) rebounded after completing an ABC correction, with the price breaking through the channel resistance and the key $31 level. Previously, the price had rebounded from the expected support area near the 61.8% Fibonacci retracement level. This rebound suggests that the price may rise further, and traders are currently closely watching whether the price can break through the confirmation level of $50.
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