$HYPE Just Shifted Structure — Retest Will Decide the Next Rally
Using the line chart to track the true structural flow of price, HYPE has now broken above the descending trendline resistance — a key shift that signals the first major structural improvement in weeks.
After the breakout, price is pulling back gradually, which is normal behavior as the market retests the breakout zone. The previous trendline resistance is expected to flip into a strong support area, with the reaction zone sitting between $34.215 and $33.453.
If buyers maintain control and the retest holds, the structure favors a continuation move toward the upside.
The next major price magnets sit at the two target levels above:
•Target 1: $43.101 •Target 2: $46.673
A clean bounce from the retest zone would confirm bullish continuation and open the path toward these objectives.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
$HYPE Just Shifted Structure — Retest Will Decide the Next Rally
Using the line chart to track the true structural flow of price, HYPE has now broken above the descending trendline resistance — a key shift that signals the first major structural improvement in weeks.
After the breakout, price is pulling back gradually, which is normal behavior as the market retests the breakout zone. The previous trendline resistance is expected to flip into a strong support area, with the reaction zone sitting between $34.215 and $33.453.
If buyers maintain control and the retest holds, the structure favors a continuation move toward the upside.
The next major price magnets sit at the two target levels above:
•Target 1: $43.101
•Target 2: $46.673
A clean bounce from the retest zone would confirm bullish continuation and open the path toward these objectives.
#HYPE #CryptoAnalysis #Altcoins #MailsChart