$HYPE: Ascending Triangle Breakout – High Risk, High Reward 🚀
Entry Zone: $25.20 – $26.00Take Profit 1: $29.54Take Profit 2: $35.25 – $45.00Stop Loss: $22.00$HYPE/USDT is flashing a high-momentum long signal, backed by both technical breakout and strong on-chain fundamentals. This isn’t just hype – December volume hit $1.2 Trillion, solidifying its position as the leader in on-chain perpetual futures.
The price structure has confirmed an Ascending Triangle breakout, with price successfully holding the EMA support zone. Currently trading around ~$25.90 (+7.8% in the last week), this growth feels organic, not a panic pump. Plus, 97% of trading fees are used for $HYPE buybacks, creating deflationary pressure.
⚠️ Heads up: A token unlock of ~12.4 Million $HYPE (~$320M+) is scheduled for January 6, 2026. Expect potential volatility. Consider moving SL to breakeven after TP1 and avoid over-leverage.
Daily trend is a strong buy, RSI at ~63, and price remains above the 50-Day MA. But remember, even strong projects can dump short-term. Discipline is key. $HYPE is evolving beyond a derivatives token with narratives around HyperEVM integration and tokenized stock trading.
Patience, greed control, and a solid plan are essential. Respect the risk, don't fall in love with the trade.
#hype #Hyperliquid #cryptotrading #longtrade 📈