HYPE Defies Gravity With Rock-Solid Rebound – Bulls Back in Charge?
After a sharp pullback, HYPE’s token slingshots past resistance levels like a crypto catapult—traders who panic-sold now scrambling for re-entry.
Key support holds firm: The 200-day moving average absorbed selling pressure like a decentralized sponge, setting the stage for a potential trend reversal.
Volume tells the real story: Yesterday’s 42% surge in trading activity screams institutional accumulation—or maybe just another hedge fund algo misfiring after three martinis.
Next targets: Watch for a clean break above $3.20 to confirm the uptrend. Below $2.80? The ’bullish reversal’ narrative dissolves faster than a shitcoin’s liquidity pool.
HYPE Eyes Breakout As Bulls Defend Key Levels
HYPE continues to establish itself as one of the leading DeFi projects in the current market cycle, acting as a major decentralized exchange (DEX) with growing user activity and liquidity. After a strong run-up over the past few weeks, the token is now approaching a critical juncture as bulls attempt to reclaim the range highs and push through the psychological $20 resistance level.
Despite recent bullish momentum, global macroeconomic uncertainty and rising geopolitical tensions are keeping the crypto market volatile, especially for altcoins. In this context, HYPE’s price action stands out. After a sharp move upward, the token faced a brief pullback, but according to Big Cheds, the response to this “throwback” was notably strong. The bounce from the $17 zone shows clear support, reinforcing buyer interest at these levels.
Ched’s analysis suggests that this healthy retest of a previous liquidity pocket could fuel the next leg up. If bulls maintain control, HYPE could break through $20 and test the next significant supply zone above it. However, a short period of consolidation may be necessary to build enough momentum for the breakout.
With fundamentals backing its growth and technicals flashing strength, HYPE is positioned as one of the key DeFi tokens to watch. A confirmed move above $20 could open the door to price discovery and cement HYPE’s leadership role among decentralized exchanges.
Price Action Details: Holding A Bullish Structure
HYPE is currently trading above $19 after a decisive move that pushed it beyond key short-term resistance. The token has shown strong momentum over the past two weeks, supported by growing market confidence and rising volume across decentralized finance platforms. Bulls are clearly in control, but the next major hurdle lies at the $22 level.
Reclaiming $22 is critical for confirming a breakout and continuing the rally toward new all-time highs. This zone represents both psychological resistance and a historical supply region where sellers previously took profits. A clean push above $22 would likely trigger fresh buying and shift HYPE into price discovery mode.
However, risks remain if momentum fades or broader market conditions weaken. The $17 level is now a key support zone to watch. If bulls lose control and price drops below that mark, HYPE could retrace further into lower demand zones, likely targeting the $14–$15 region.
For now, as long as HYPE holds above $19 and builds momentum, the bullish structure remains intact. The coming sessions will be crucial to determine whether the token has enough strength to clear $22 and continue leading the DeFi sector’s recovery.
Featured image from Dall-E, chart from TradingView
