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.