HYPEUSDT.P is testing its ATH (all-time high), while the market is becoming increasingly euphoric. The main catalyst is the crypto summit at the White House. Another pre-election move by Trump?
The cryptocurrency market is in a state of euphoria. Bitcoin has most likely completed its bearish cycle. However, a strong rally could be followed by a correction, and a short squeeze — for example, in the 80K–83K area — could trigger a 30–40% pullback.
HYPE is outperforming the broader market and is testing its ATH, giving the coin strong potential for further upside.
After a strong rally, the altcoin is testing the resistance zone of its trading range. A prolonged consolidation would increase the chances of a breakout above 75.88 and a potential move toward 88.90
Resistance levels: 75.88
Support levels: 71.27, 69.11
I expect HYPE to hold above 76.0 without a significant pullback and continue consolidating. A breakout and close above this zone could trigger further upside toward the stated target
