$HYPE Faces $500M Unlock – Can Bulls Defend $42 Support and Aim for $60–$80?

HYPE is currently trading at $48.74, recovering from an intraday dip to $46.5 while holding above the 50-day EMA. The token recently broke out of an ascending triangle to hit a new ATH of $59.29, but profit-taking quickly pulled prices lower.

With $500M in token unlocks approaching, market jitters remain high. On the upside, maintaining bullish momentum could see HYPE retest $60, with long-term models pointing toward $80 by end of 2025 if growth sustains. On the downside, key supports lie at $42 and $39 — a breakdown below these zones could trigger a deeper correction and weaken the bullish outlook.

Bullish Targets:

TP1: 55.00

TP2: 60.00

TP3: 80.00 (long-term)

Stop-Loss: 41.50

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