The crypto market shows mixed signs of recovery, and one of the tokens gaining attention is HYPE, despite its significant decline over recent months.
HYPE Mirrors BNB’s Past Price Behavior
Interestingly, a historical fractal suggests a huge bullish reversal for HYPE, mirroring Binance Coin (BNB)'s legendary 2018 rally. This creates hope among investors for a BNB-like success repeat.
Fractal Analysis and BNB Similarity
According to current fractal analysis, HYPE's price structure and correction phase closely resemble BNB's 2018 cycle. Both assets formed an ascending wedge, followed by a sharp breakdown into a key accumulation zone. This setup, along with a bullish MACD crossover, triggered a massive rally.
What’s Ahead?
If the fractal continues, HYPE may be on the verge of significant growth. A breakout above the 50-day MA could lead to a strong rally in the $30–$45 range, echoing BNB's post-reversal move.
Such fractals can indicate potential growth opportunities. However, it's crucial to conduct your own research before making investment decisions.
