- $HYPE confirms inverse head and shoulders, breaking the downtrend near $38.5–$39 with rising volume and strong green candle support.
- Robinhood lists $HYPE for spot trading, driving a 10% price increase above $40 and expanding access to U.S. retail investors.
- The initial measured target is $42.64, with an extended target around $50, supported by historical resistance and psychological price levels.
$HYPE token has demonstrated a bullish reversal after weeks of decline, breaking its downtrend and moving toward new potential highs. Traders are monitoring key levels following a confirmed inverse head and shoulders pattern.
Inverse Head and Shoulders Pattern Confirmed
$HYPE shows a clear inverse head and shoulders pattern on the 4-hour chart, signaling a shift from bearish to bullish momentum. The left shoulder formed around October 11 near $35, followed by a deeper head low around October 17. The right shoulder formed between October 22–23, showing buyers entering earlier and strengthening the reversal.
The neckline breakout near $38.5–$39 confirms the pattern, supported by rising green candles and increased trading volume. Market analysts note this breakout indicates a strong conviction among traders that the downtrend is over. Price action holding above $38 maintains the pattern’s validity, while a drop below $34 would invalidate it.
According to Kamran Asghar, the measured move from the pattern sets an initial bullish target at $42.64. The extended target aligns with the $50 range, a historical resistance and psychological level. The retest of the neckline is considered a natural consolidation within the current upward trend.
Robinhood Listing Drives Momentum
Robinhood Markets Inc. listed $HYPE for spot trading on October 23, 2025, making the token accessible to millions of U.S. retail investors. The listing triggered a 10% price increase, pushing $HYPE above $40 shortly after trading began.
The listing coincides with Hyperliquid Strategies’ filing with the SEC to raise up to $1 billion. The funds aim to support operations and token purchases, indicating strong institutional backing for the platform. $HYPE continues to be traded actively on Hyperliquid, which leads in perpetual futures trading on its Layer-1 blockchain.
The combination of technical breakout and retail exposure through Robinhood has created a momentum shift. Traders are closely watching $HYPE’s price movements above $38 to determine the strength of the current bullish trend.
Technical Targets and Market Outlook
$HYPE’s measured move suggests an initial gain target at $42.64, with the extended target at $50. Both levels represent logical points for profit-taking based on historical price activity. Traders may view retests near the neckline as healthy consolidation opportunities rather than reversal signals.
The token’s structure shows buyers entering at higher lows, suggesting sustained demand. Increasing volume on the breakout affirms faith in playing the market, generating confidence in the prevailing trend.
Market participants are monitoring price action above the important $38 support level, which will determine whether the bullish scenario is true. Any breach below the head’s low at $34 could signal a reversal of the current setup.
