HYPE has spent two months building a base between $75 and $98, with $150 emerging as the next major upside target.
This range represents a period of consolidation, where buyers and sellers have been competing for control after HYPE's earlier rally.
A sustained move above $98 would signal a breakout from that range and could open the way toward $150. That would be a significant move, but it still depends on buying pressure and broader market conditions.
On the downside, a daily close below $75 invalidates this bullish setup, suggesting the support buyers have defended is no longer holding.
The key levels to watch are $75 as support, $98 as breakout resistance, and $150 as the potential target. Until price clears the range, $HYPE remains in consolidation.
DYOR.
This range represents a period of consolidation, where buyers and sellers have been competing for control after HYPE's earlier rally.
A sustained move above $98 would signal a breakout from that range and could open the way toward $150. That would be a significant move, but it still depends on buying pressure and broader market conditions.
On the downside, a daily close below $75 invalidates this bullish setup, suggesting the support buyers have defended is no longer holding.
The key levels to watch are $75 as support, $98 as breakout resistance, and $150 as the potential target. Until price clears the range, $HYPE remains in consolidation.
DYOR.
