HYPE is trading at $43.57, sitting just below a crucial $44.40 resistance level that could determine its next major move. This technical setup represents a classic make-or-break moment as the level perfectly aligns with the Fibonacci 0.618 retracement and a heavily contested supply zone.
The cryptocurrency has shown impressive resilience after bouncing from its August lows, but now faces its biggest test yet. Bulls are eyeing a potential breakout to $46.81, while bears are waiting to defend this critical resistance.
Bulls Ready to Strike: $46.81 Target in Sight
If HYPE manages to punch through the $44.40 ceiling with conviction, we're looking at a potential 14% surge to $46.81 in the short term. The technical picture gets even more exciting with the possibility of extending gains toward $49.88, representing a solid 25% upside from current levels.
The key here is volume – any breakout attempt needs to be backed by solid buying pressure to stick. Without it, false breakouts could get rejected at this exact level.
Downside Risks: Where Support Kicks In
If the bulls fail to deliver and HYPE gets rejected again, the first line of defense sits at $42.72. Lose that, and we're looking at a potential slide toward the $41.03–$40.75 support cluster.
The real danger zone? A breakdown below $38.48 would completely flip the script, turning the market structure bearish and opening the door for deeper losses.
Trang này có thể chứa nội dung của bên thứ ba, được cung cấp chỉ nhằm mục đích thông tin (không phải là tuyên bố/bảo đảm) và không được coi là sự chứng thực cho quan điểm của Gate hoặc là lời khuyên về tài chính hoặc chuyên môn. Xem Tuyên bố từ chối trách nhiệm để biết chi tiết.
HYPE Coin Price at Critical Crossroads: $44.40 Make-or-Break Zone Could Unlock 14% Rally
HYPE is trading at $43.57, sitting just below a crucial $44.40 resistance level that could determine its next major move. This technical setup represents a classic make-or-break moment as the level perfectly aligns with the Fibonacci 0.618 retracement and a heavily contested supply zone.
The cryptocurrency has shown impressive resilience after bouncing from its August lows, but now faces its biggest test yet. Bulls are eyeing a potential breakout to $46.81, while bears are waiting to defend this critical resistance.
Bulls Ready to Strike: $46.81 Target in Sight
If HYPE manages to punch through the $44.40 ceiling with conviction, we're looking at a potential 14% surge to $46.81 in the short term. The technical picture gets even more exciting with the possibility of extending gains toward $49.88, representing a solid 25% upside from current levels.
The key here is volume – any breakout attempt needs to be backed by solid buying pressure to stick. Without it, false breakouts could get rejected at this exact level.
Downside Risks: Where Support Kicks In
If the bulls fail to deliver and HYPE gets rejected again, the first line of defense sits at $42.72. Lose that, and we're looking at a potential slide toward the $41.03–$40.75 support cluster.
The real danger zone? A breakdown below $38.48 would completely flip the script, turning the market structure bearish and opening the door for deeper losses.