HYPE Bulls Regain Control After Recovery as Price Approaches Yearly Highs
HYPE is gaining momentum amid a broader market rally, driven by Bitcoin surpassing $104,000 and Ethereum reclaiming $2,500.
- HYPE bounced off the $17.5 support level and is approaching local highs, indicating strong buyer interest.
- Technical analysis suggests potential for a breakout if market conditions remain favorable.
- Price action is now targeting a critical resistance zone near January highs around $28.
- Bulls need to flip this zone into support to maintain upward momentum.
- If HYPE breaks above $28, it could attract increased interest and volume, paving the way for new all-time highs.
- The current price is at $25.29, nearing resistance between $26 and $28.
- A healthy retest of the $23–$24 region may occur, but maintaining levels above $22 is essential for bullish momentum.
