- HYPE is currently trading at $37.20 after multiple rebounds from the strong $35–$36 demand zone, indicating growing bullish momentum.
- Technical analysis on the 4-hour chart shows early signs of a bullish reversal, with price targeting resistance at $39 and potentially $43.
- The broader market shift, led by Bitcoin’s upward trend, is fueling renewed interest in altcoins like HYPE.
- HYPE has gained 0.65% in the past 24 hours and 7% over the past week, supported by increasing volume and positive market sentiment.
HYPE is gaining momentum among altcoins, trending upward alongside the broader market surge. With Bitcoin shifting the overall market sentiment from bearish to bullish, SUI is benefiting from the positive wave. HYPE is moving above $35 to $36, which is known as a high demand zone. A successful breakout from this level could push the coin toward the $43 resistance zone.
At the time of writing, HYPE is trading at $37.20 with a 24-hour trading volume of $169.7 million and a market capitalization of $12.45 billion. Its price over the last 24 hours is up by 0.65%, and over the last week, it is also up by 7%, and it is expecting a bullish reversal in the coming days.
Also Read: Hyperliquid Eyes Bullish Reversal as TVL Surges Over 80%
HYPE Coin Signals Breakout and Eyes $43 Resistance
HYPE is back in the headlines with the maintenance of strength at a key primary technical support level near $35-$36. This level of demand has emerged as a key battleground between the bulls and the bears. Buyers have consistently stepped in during repeated retests to defend and maintain the level.
Every successful bounce back from the level solidifies its role as an anchor price floor, and the consistent support is a sign of growing strength from the traders expecting a near-term bounce.
From a technical perspective, the 4-hour chart is starting to release initial bullish signals. Recent candlestick formations are showing wicks to the downside paired with bullish follow-through, a sign that the buyers are absorbing selling pressure and gradually taking over.
If the pattern continues, the next apparent resistance sits near the $39 mark. Clearing this mark decisively could set the stage for a rally towards $43, a level that has historically served both as psychological resistance and a technical ceiling during previous rallies.
While Hype in this instance might not have fully regained its value to escape the decline, it does look like there is prolonged bullish behavior, indicating that the breakout now shows significantly more promise than in earlier attempts. Given all of this information, it would be reasonable to assume the accumulation hypothesis would be true within an unstable support range.
Regarding HYPE, the bullish outlook consolidates until the $35-$36 support area is maintained and tends to favor more market participants who used to open their positions at mid-term horizons seeking quick profits in a reduced volatility trading environment.
Also Read: HYPE Crypto Shows Recovery, Chart Indicates Potential $40 Price Target