HYPE is finally breaking out. 🚀
We just cleared major overhead resistance around $74.50–$78.00, pushing into fresh local highs after a prolonged consolidation phase.
Key Technical Breakdown
Reclaiming the Moving Averages: Price built a strong launchpad inside the lower box (around $55–$61) before pushing back above the daily dynamic moving averages.
Resistance Flip: The $74.50–$78.00 supply zone that previously held price back in June is now being broken. Turning this level into support will be key for continuation.
Rally Mirroring: Notice the structural symmetry to the Feb–March move at the bottom left. The market spent weeks consolidating before firing off a rapid expansion phase.
Potential Target:
As long as bulls hold above the breakout zone around $74.50, the path of least resistance points toward the $108 – $114 zone marked at the top.
Are you riding this move or waiting for a retest? Let's discuss below! 👇
#HYPE #Hyperliquid
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