HYPEUSDT on the 30-minute timeframe is showing a symmetrical triangle breakout after an extended period of price compression. The breakout has occurred above the descending trendline, indicating a potential shift in short-term market structure.
The current price is trading around 71.25 USDT, remaining above the breakout zone. Holding above the former triangle resistance could help maintain bullish momentum, while traders may watch for a successful retest as additional confirmation.
Key Levels
Support: 67.00–68.00 USDT (breakout area), followed by 62.00 USDT.
Resistance: 72.00 USDT, then the projected target region near 76.99 USDT shown on the chart.
A sustained move above approximately 67.00 USDT confirms the breakout structure visible on the chart. The measured move projects a potential upside target around 76.99 USDT, representing an approximate 8–9% move from the current price zone.
If price falls back below the breakout level and re-enters the triangle, the bullish setup could weaken, making the breakout invalid. As always, watch for confirmation before making trading decisions, since chart patterns do not guarantee future price movement.
The current price is trading around 71.25 USDT, remaining above the breakout zone. Holding above the former triangle resistance could help maintain bullish momentum, while traders may watch for a successful retest as additional confirmation.
Key Levels
Support: 67.00–68.00 USDT (breakout area), followed by 62.00 USDT.
Resistance: 72.00 USDT, then the projected target region near 76.99 USDT shown on the chart.
A sustained move above approximately 67.00 USDT confirms the breakout structure visible on the chart. The measured move projects a potential upside target around 76.99 USDT, representing an approximate 8–9% move from the current price zone.
If price falls back below the breakout level and re-enters the triangle, the bullish setup could weaken, making the breakout invalid. As always, watch for confirmation before making trading decisions, since chart patterns do not guarantee future price movement.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
FOLLOW MY TELEGRAM CHANNEL FOR FREE : bit.ly/3JfrpgV
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.