HYPE is drawing attention with strong bullish momentum. The RSI and MACD technical indicators signal the potential for upward movement towards a new all-time high (ATH).
The altcoin is currently testing the critical resistance level of $39.9. A breakout above this resistance could trigger the price to rise first to $42.2 and then to the ATH level at $45.8.
Although it seems quite likely for HYPE to reach the ATH level, it is thought that this process may take some time. The third quarter of 2025 could be a starting point for a new upward rally if the current momentum continues.
Recently experiencing high volatility, HYPE has supported its upward movement due to this activity. Although a new ATH rise may be delayed, the positive atmosphere in the market keeps this possibility alive.
Bull Signals Are Becoming Apparent in Technical Indicators
HYPE's Relative Strength Index (RSI) has recently made a positive turnaround. After briefly dipping below the neutral level, it has risen back above the 50 level, entering the bullish zone. Staying above 50 indicates a strengthening bullish trend signal for the price in the coming days. Investors may believe that if the RSI remains at this positive level, the price will continue to rise.
Similarly, the Moving Average Convergence Divergence (MACD) indicator also indicates that it is very close to a bullish crossover. Decreasing red bars in the MACD histogram signal that the bearish pressure is weakening and the bullish momentum is strengthening. A confirmed bullish crossover will support HYPE's direction towards new peaks.
HYPE is currently trading around $39.1 and is just below the $39.9 resistance. Breaking through this critical resistance is very important for the continuation of upward movement.
Maintaining the support at the $39.9 level will increase the potential for the price to climb to higher levels and create strong momentum for the altcoin.
For the continuation of the rise, HYPE needs to break above the $42.2 level and establish this price as new support. If this happens, the next significant target will be the ATH level at $45.8.
However, this process may take some time, and investors are likely to expect this movement to manifest in the third quarter of 2025.
$39.9 and $42.2 levels stand out as critical resistance points for HYPE.
If the altcoin cannot break the $39.9 resistance or faces selling pressure before reaching this level, the current bullish scenario may be invalidated. In this case, the price could pull back towards the support level at $35.7, and the upward trend could be disrupted.
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