HYPE Bulls Charge Back—Yearly Highs in Sight After V-Shaped Recovery

Crypto’s favorite drama queens are back. HYPE bulls just staged a textbook recovery—blasting through resistance like Wall Street ’risk managers’ during a bull market.

Key levels to watch:

- The $0.50 psychological barrier (where retail FOMO meets institutional sell orders)

- The 2024 high of $0.62 (aka ’bagholder redemption zone’)

Meme coin or not, this rally’s got teeth. Trading volume spiked 300% as leveraged shorts got liquidated—proving once again that crypto markets punish skepticism faster than a SEC lawsuit.

Will it hold? Check the charts. Or just wait for the inevitable ’HYPE is dead’ tweets when volatility strikes back.

HYPE Bulls Target January Highs

HYPE is facing a decisive moment as price action pushes into a key supply zone NEAR the January highs around $28. After bouncing strongly from the $17.5 throwback level, the asset has regained bullish momentum and now approaches one of the most important technical levels on its chart. This zone served as a rejection point earlier in the year, and bulls must now prove they have the strength to flip it into support.

Cheds shared insights confirming the shift in momentum, noting that HYPE is showing clear strength off the $17.5 level—an area that has now acted as a successful retest following the asset’s initial breakout. The strong rebound suggests that market participants are accumulating, and momentum is beginning to build as the broader crypto market turns bullish.

Across the board, sentiment is improving. HYPE is now participating in that resurgence, but faces its biggest test yet. If bulls can reclaim the $28 level with conviction, the path toward new all-time highs opens up. However, if this level holds prices again, another period of consolidation may follow.

The weekend rally has pushed markets into critical zones, and HYPE’s ability to sustain upward pressure through this resistance will be closely watched. A breakout above $28 WOULD not only mark a technical victory but also likely accelerate interest and volume across the board. For now, bulls remain in control, but the next move will determine whether HYPE enters true price discovery or pauses just below the highs once more.

HYPE Approaches Resistance With Momentum As Bulls Eye Breakout

The 4-hour chart for HYPE shows strong bullish momentum, with price currently trading at $25.29 after tapping a local high near $25.57. The rally has been steady and clean, bouncing consistently off the 200 EMA and SMA, now well below the current price, confirming a clear uptrend structure.

HYPE is now pressing into a key resistance zone between $26 and $28, a level that previously acted as supply back in January. This area represents a major test for bulls, as it aligns with the upper boundary of a multi-month range. Volume is healthy, and the trend remains intact with higher highs and higher lows across multiple timeframes.

If HYPE can break and hold above $28, it opens the door for a challenge of the all-time highs. For now, the price may consolidate slightly below resistance as sellers defend this zone, but the overall structure favors a breakout continuation.

A throwback to the $23–$24 region could act as a healthy retest, but holding above $22 is key to preserving bullish momentum. As long as the trend and volume remain intact, HYPE appears poised for further upside in the coming days.

Featured image from Dall-E, chart from TradingView