- HYPE/USDT holds above $36.00 support, confirming strong momentum and projecting gains toward $53.00 on aligned resistance flips.
- Clean breakouts from $18.00, $26.00, and $36.00 form a robust bullish structure, with consistently higher highs and minimal retracements.
- Intraday analysis shows ascending channels and compression zones, supporting a breakout toward $44.00 and potential continuation to $53.00
The HYPE daily chart highlights a decisive breakout above $36.00, now confirmed as a pivotal support level. Experts point to strong bullish momentum, reinforced by aligned resistance flips, rising continuation zones, and a projected path toward $53.00.
Breakout Confirmation Shows Strong Bullish Structure
The HYPE daily chart reflects a powerful breakout pattern with aligned resistance flips and rising continuation zones. Technical levels at $18.00, $26.00, and $36.00 have all acted as pivot points. Clean horizontal zones mark high-conviction support and resistance, providing structure for progressive moves.
Source: X
As we can see from the post above, analyst CRYPTOWZRD has presented a detailed analysis with strong bullish sentiment. The expert highlights a critical breakout above the $36.00 resistance, now acting as a confirmed support. The daily chart shows a steady trend with no reversal signs as buyers maintain pressure.
Since early April, HYPE surged from $12.00 to over $35.00, marking a 193% rise in under two months. The analyst emphasizes the breakout’s significance with a projected path to $53.00, shown by a clear technical arrow. The parabolic trajectory, uninterrupted candles, and consistently higher highs confirm momentum favoring bulls.
The price structure avoids deep retracements, reflecting strength in every retest. It’s crucial to acknowledge the strong candle bodies with minimal wicks, clear evidence of bullish intraday dominance. The $36.00 level remains the battleground, but each retest strengthens the argument for further gains.
Intraday Structure Adds Momentum Insight
Looking at it from another angle reveals the 1-hour chart presents an ascending channel that reinforces trend strength. Inside the channel, short-term price movements create minor pullbacks and renewed buying interest. The $36.00–$37.00 region forms a clear support foundation for short-term accumulation.
Another expert Christiaan, has provided insights into the dynamic behavior of HYPE within this channel structure. The ascending trendlines form a compression zone, offering a higher probability for an upper breakout. The confluence of horizontal and rising support zones further tightens the setup’s bullish lean.
Source: X
A more striking observation is the breakout from a descending wedge within the mid-range. Price tested support multiple times, reflecting buyers defending the structure effectively. Taking this idea to the next level uncovers a technical target near $44.00, aligned with the channel’s upper boundary.
Final Outlook: Analysts See Room to Run
Moreover, there’s the aspect of market momentum, with multiple confirmations favoring upward continuation across timeframes. It’s equally important to recognize that tight spreads and structured wicks confirm strong liquidity and directional bias. A further upside to consider is the $53.00 target, nearly 50% above current prices.
Yet, there’s more to address before concluding. Analysts are saying the price must stay above $36.00 for the bullish thesis to remain intact. Holding this zone transforms resistance into a springboard, keeping the pathway to new highs wide open.
