HYPE holds firm above its 50-day moving average, signaling bullish momentum and potential targets near $38–$42.
EMA200 bounces reinforce HYPE’s structural strength, with buy pressure growing on dips and no bearish close below key trendlines.
Rising demand and solid support suggest HYPE’s trend could lead to a breakout or signify a broader market sentiment shift.
HYPE continues to defy broader market pressure, holding strong above critical trendlines despite external volatility. Analysts highlight repeated support validation and rising structural strength as signals of continuation.
Technical Structure Reinforces Strength Above Key Levels
The daily chart of HYPE shows a disciplined uptrend supported by the 50-day moving average. Multiple rebounds from this trendline confirm strong market participation and a well-formed pattern.
The initial breakout began around April 27, with the price bouncing from near $15.00 off the moving average. This triggered a sustained rally into late May, peaking at approximately $42.00 on May 23. Mid-May brought consolidation just ahead of the peak. A short pullback followed, sending the price into a correction zone between $30.00 and $33.00. Support held firm.
Source: X
The moving average at $33.184 became a clear defense line. Rebound zones marked in orange confirmed continued interest at these levels. The latest candle sits around $34.703, slightly above the moving average, indicating trend support is still in place.
Three major support reactions occurred along this trend, each validating the 50-day line. No bearish candle has closed below it. A dashed projection suggests a move toward $38.00–$42.00 remains possible if this pattern continues.
Intraday Structure Adds to Bullish Outlook
On the 2-hour chart, HYPE respects its EMA200 line with precision. The analyst marked five major bounces from this trendline, all followed by renewed upside movement. Early activity below $10.00 showed strong accumulation. A first bounce near $8.00 triggered the formation of a consistent higher-high structure.
Source: X
As the price moved up, further rebounds were recorded at $11.00, $16.00, $28.00, and most recently, $26.00. Each time, the green EMA200 acted as a reliable support. These structured interactions suggest market confidence remains intact. Even during corrections, price behavior stays consistent with a bullish trend.
Buy Pressure Reflects Shift in Sentiment
According to experts, U.S. demand for $HYPE has left virtually no sellers on the books. Buy pressure continues building at each dip.
While his take on the matter has been debated, it does seem other analysts are noticing the same. This signals either a major breakout ahead or a broader structural change in the making. The crypto market is full of shifting narratives, but HYPE remains technically sound as long as key support levels hold.
