If the price breaks above this level in the following days or weeks that would probably mean a continuation of the Hype trend (blue line). A failed breakthrough might signal the end of this trend. In this last scenario the prices could fall back to the mid-term or even the Long long term trend (purple line).
"The elements of good trading are: (1) cutting losses, (2) cutting losses, and (3) cutting losses. If you can follow these three rules, you may have a chance." - Ed Seykota