Eseandre Mordi
⬤ HYPE has been climbing toward key resistance after bouncing from recent lows. The token is now consolidating near $29.25 as traders watch for a potential move toward the $30 zone. Price action shows HYPE reclaiming important intraday support and building a pattern of higher lows, suggesting buyers are gaining control after recent volatility.
⬤ The technical picture shows three critical price levels shaping the current setup. Support sits around $29, with mid-range resistance near $29.80 and a major overhead barrier just above $30. If bulls can push through these levels, the next target zone appears around $31. The chart pattern suggests HYPE may consolidate briefly before attempting another leg higher, with recent candle formations showing strengthening momentum.
⬤ Breaking above $30 would be significant for HYPE because it represents both a psychological milestone and a technical level that's influenced recent trading. A clean move through this area could boost short-term sentiment, improve liquidity, and help establish a more stable upward trend. How price behaves at these resistance zones will be key for determining whether this recovery has staying power or if HYPE needs more time to build a stronger base.
Eseandre Mordi
