Recent events in the cryptocurrency market confirm significant growth for HYPE. Over the past month, the coin's value has increased by 105%, bringing it back above the critical $20 mark.
Current Achievements of HYPE
The cryptocurrency HYPE has reached a price of $21.18, reflecting a daily increase of 5.39%. HYPE's market cap is now $7.07B, with a 24-hour trading volume of $127.66M.
Technical Analysis and Chart Patterns
HYPE is forming an ascending triangle with key resistance in the $26–28 range and a breakout target around $33–35. Support is located at $17.5–18.0, and further movement will depend on holding above the $26–28 level.
Liquidity and Market Potential
On-chain volume has surged to $5.27B, confirming a renewal of interest among traders. The liquidity indicates strong support for the current rise; however, there are liquidation zones that could trigger market volatility.
In conclusion, HYPE demonstrates significant strength and may be poised for a retest of its all-time high of $35 in the next 4–6 weeks, provided it breaks through the key resistance levels.
