Peter Smith
After some choppy price action, HYPE is settling near mid-channel support and showing signs that bulls might be gearing up for another move higher.
Chart Breakdown: What's Happening Now
Analyst tree of dopamine points out that the coin has held its technical structure well, with both hourly and daily RSI resetting to healthier levels. If HYPE can push back above $46 soon, it could signal the start of a fresh rally.
HYPE has been trading within a clear ascending channel for months—a bullish pattern that's still holding up despite recent volatility. The price recently bounced from around $40, which lines up nicely with key moving averages and the lower trendline. Here's where things stand:
- Current Price: $44.17
- Key Resistance: $46.00
- Support Zone: $40.00–$42.00
- Upper Channel Target: $68.00
- RSI Status: Around 50 (neutral territory)
The pullback from $48–$50 looks like a healthy cooldown rather than a trend break. Now, with the hourly RSI reset and the daily RSI back at neutral 50, momentum indicators suggest the selling pressure has eased. If buyers can reclaim $46, it would flip control back in their favor and potentially open the door to $50–$52 next, with the upper channel near $68 as a longer-term possibility.
Bottom Line
Everything comes down to whether bulls can close above $46. If they do, HYPE could be off to the races toward $50+ and beyond. For now, the trend remains intact, and traders are watching closely to see if this RSI reset turns into the fuel for the next leg up.
Peter Smith
