$HYPE has jumped 21% in a single day to around $71.71, putting the token directly at a critical resistance zone between $70 and $74. The sharp recovery has brought renewed bullish momentum, but traders are now watching whether HYPE can secure a weekly close above $77...
A breakout above that level could strengthen the bullish structure and open the path toward the $150 area. However, rejection around current resistance could trigger a deeper correction, with potential support zones around $50 to $40 and a stronger accumulation area near $41 to $32...
The technical setup is attracting attention because the current structure resembles a previous bullish move that followed a Fibonacci retracement, order block and fair value gap alignment.
HYPE is also benefiting from expanding access to its futures markets through major onchain trading infrastructure, potentially increasing visibility and liquidity around the ecosystem.
For now, $70 to $74 remains the key battle zone. Holding above it would keep buyers in control, while a confirmed weekly close above $77 could provide a stronger signal for the next major leg higher. #hype
A breakout above that level could strengthen the bullish structure and open the path toward the $150 area. However, rejection around current resistance could trigger a deeper correction, with potential support zones around $50 to $40 and a stronger accumulation area near $41 to $32...
The technical setup is attracting attention because the current structure resembles a previous bullish move that followed a Fibonacci retracement, order block and fair value gap alignment.
HYPE is also benefiting from expanding access to its futures markets through major onchain trading infrastructure, potentially increasing visibility and liquidity around the ecosystem.
For now, $70 to $74 remains the key battle zone. Holding above it would keep buyers in control, while a confirmed weekly close above $77 could provide a stronger signal for the next major leg higher. #hype