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HYPE Posted a 12% Gain Today – Will the Rally Continue?

  • HYPE posted a 12% gain today, breaking through multiple resistance zones without forming significant new support levels.
  • 1M timeframe showed sequential bullish structure and acceleration in the rally, starting from $28.35 level.
  • The key question now is if the support at $30.98 can hold, with resistance at $31.29 and potential deeper levels at $30.50 and $30.20.
  • Bullish scenario: Reclaiming $31.00 and breaking through $31.29 may lead to a move towards $32.20-$32.50. Bearish scenario: Rejection at $31.20 could signal a return to $30.50 and potential test of $30.20, indicating a structural failure.

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