🧠 Smart Traders Watch This: HYPE’s Critical Breakout or Breakdown Zone!
Current Price: 46.99 USDT
Pattern: Ascending Triangle / Wedge (Bullish Bias)
🔼 Bullish Scenario:
Trigger: Breakout above 52.00 USDT with strong volume.
Step-by-step Price Targets:
1. First Target: 53.20 USDT
2. Second Target: 57.69 USDT
3. Third Target: 63.10 USDT
4. Extended Target (Pattern Height Projection): Approx. 68.00–70.00 USDT (if momentum sustains post breakout)
🔍 Condition: Requires daily candle close above 52.00 USDT with volume confirmation (higher than recent average).
🔽 Bearish Scenario:
Trigger: Breakdown below ascending trendline (~44.00–45.00 USDT)
Step-by-step Downside Levels:
1. First Support: 44.00 USDT
2. Second Support: 41.87 USDT
3. Third Support Zone: 36.00 USDT
4. Final Bearish Target: 32.00 USDT (only if a full pattern breakdown occurs)
🔍 Condition: Clear breakdown on increased volume and candle close below trendline.
📌 Key Zones to Watch:
Resistance Cluster: 48.37 → 49.90 → 52.00 → 53.20 USDT
Trendline Watch: Valid trendline bounce supports bullish continuation.
Volume Watch: Volume spike on breakout = confirmation | Low volume = potential fakeout.
