HYPE Token Eyes $20 Target as Bullish Chart Formation Suggests Strong Recovery Ahead

The HYPE token is exhibiting a promising technical pattern that historically precedes significant upward momentum, with analysts now projecting a potential rally toward the $20 resistance level. Market observers note the emergence of a classic bullish reversal structure on higher timeframes, coinciding with renewed accumulation by institutional-grade wallets. This development follows a prolonged consolidation phase after HYPE’s 2024 all-time high (ATH), with on-chain metrics now signaling the strongest investor conviction since Q1 2025. Trading volume spikes across major exchanges, particularly in BNB pairs, further validate the breakout thesis as derivatives markets show growing long positioning. The potential rally would represent a 150% recovery from current levels, though traders caution that sustained momentum depends on maintaining support above the psychologically crucial $12.50 zone.

If HYPE holds above $18, the next major resistance lies at the psychological $20 level, which also aligns with the zone where the price was supported multiple times throughout January and February until it broke lower in early March.

Once $20 is cleared, the next key resistance to watch is around $26 — where the upper trendline meets with the lower high that formed in mid February.

If the wedge breakout is confirmed and the price holds above $18 with increasing volume, a longer-term target of $35 becomes possible — aligning with the origin of the upper trendline of the falling wedge.

The bullish thesis would be invalidated if HYPE fails to hold above the $18 support zone, especially on increasing sell volume. A breakdown back below the 50-day SMA and 20-day EMA would suggest a loss of momentum and could open the door for a retest of the $17.30 level or even a move back toward the wedge’s lower trendline near $12–$13.