Saad Ullah
HYPE token sits at a critical juncture as technical analysis reveals a tightening triangle formation that could unleash significant price volatility. Trading at $41.08 (+0.45%), both bulls and bears are positioning for an imminent decisive move.
HYPE Price Coils for Explosive Move
HYPE has been building pressure inside a symmetrical triangle pattern that's got traders on edge. Recent X analysis shows the token respecting both boundaries with precision, creating a coiled spring effect as compression tightens daily.
Strong support sits around $39.885 (weekly open) and $39.283 (PWL), while immediate resistance holds near $45.00. This squeeze between key levels is setting up what could be an explosive breakout.
HYPE Price Breakout Targets Could Surprise Everyone
If buyers smash through resistance, the first target hits $49.00 (previous monthly high), with potential extension to $62.568 – serious upside that could attract heavy momentum trading.
However, a break below $39.88 could trigger a sell-off toward $26.275, representing significant downside for current holders.
The triangle is approaching its apex – historically where sharp volatility kicks in. HYPE could explode in either direction, making this setup compelling for breakout traders with proper risk management.
Saad Ullah
