$HYPE Descending trendline breakout signals a fresh bullish reversal with room for further upside.
Long setup:
Entry: 56.8–57.2
TP: 59.5–63.0–68.0
SL: 54.8
HYPE has broken above the descending trendline and is now holding above the 56–57 zone. The recent higher low around 52 suggests buyers are gaining control.
Strong bid dominance supports continuation, while a sustained move above 57.4 could open the path toward 59.5, 63.0 and 68.0.
Long setup:
Entry: 56.8–57.2
TP: 59.5–63.0–68.0
SL: 54.8
HYPE has broken above the descending trendline and is now holding above the 56–57 zone. The recent higher low around 52 suggests buyers are gaining control.
Strong bid dominance supports continuation, while a sustained move above 57.4 could open the path toward 59.5, 63.0 and 68.0.