HYPE/USDT – Chart Update.

HYPE/USDT – Chart Update

HYPE is currently trading around $37.3, showing a strong breakout from the descending channel structure.
Price has broken above the channel resistance, signaling a potential trend reversal.
The moving average is turning upward, supporting short-term bullish momentum.
The recent impulse move indicates buyers gaining control after a long downtrend.

Bullish Scenario:
If price holds above the $35–$36 breakout zone, the next upside levels could be:
$40 resistance
$44–$48 higher resistance zone

Bearish Scenario:
If the breakout fails and price falls back below $34, we may see a pullback toward:
$30 support
$27 demand area

HYPE has broken its downtrend channel, which often signals the start of a recovery phase. Holding above the breakout zone will be key for continuation toward higher resistance levels.

DYOR | NFA