Hype Coin Bounces Off Support—Traders Eye Potential Breakout to New ATH

After a sharp dip, Hype Coin finds footing at a critical support level. Market watchers now speculate whether this is the springboard for a fresh all-time high—or just another dead-cat bounce in crypto’s endless circus.

Technical analysts point to bullish divergence on lower timeframes, while skeptics mutter about ’support levels’ being just lines drawn by guys named ’MoonCarl’ on TradingView. Either way, leveraged longs are piling in—because nothing fuels FOMO like a 10% green candle after a 50% drop.

Meanwhile, traditional finance bros clutch their pearls and whisper ’tulips’—right before sneaking off to check their own bags.

Key Technical Points

• $35 Support Zone: Major confluence with 0.618 Fibonacci, VWAP SR, and Value Area Low.
• $33 Critical Level: Last line of defense for higher low structure—falling below would risk trend invalidation.
• $44 Fibonacci Extension: Target drawn from previous swing low to all-time high; next likely upside level if support holds.

The $35 level is no ordinary zone, it represents a high-confluence support cluster. The 0.618 Fibonacci retracement from the most recent swing, the VWAP-derived support, and the Value Area Low all converge here. This technical alignment increases the probability of this level acting as a higher low and base for trend continuation.

As long as price remains above $33, the broader bullish market structure remains intact. A break and close below $33, however, WOULD invalidate the current pattern of higher lows and could shift momentum to the downside.

Should the support zone hold, HYPE coin could aim for the next key technical target, the $44 Fibonacci extension level, which aligns with a new all-time high. This isn’t just a round number or psychological marker; it’s a calculated projection based on previous market structure, making it a high-probability target if the bullish trend continues.

What to expect in the coming price action

As long as HYPE Coin holds above the $35–$33 support confluence, the market structure remains bullish. A bounce from this zone could initiate the next leg higher, with $44 as the next major upside target.