- HYPE forms a V-shaped rebound after a sharp dip toward the $30 level during the weekly decline.
- Buyers maintain control at the multi-month support zone, creating conditions for a possible double-bottom.
- Resistance near $36 remains the key barrier as traders monitor momentum for a near-term breakout.
HYPE trades near a well-established support area after a volatile week, with market attention shifting to recent structural movements that suggest growing buyer interest. Current price action reflects a measured recovery from the recent liquidity sweep.
Market Structure Near Key Zone
HYPE continues to trade near the long-observed support region that has repeatedly attracted buyer demand. The recent tweet from CryptoPulse addressed this area, noting the continued strength shown each time price enters the lower range. This zone remains one of the most reactive levels on the chart.
Price behavior across the week shows a controlled decline followed by a sharp recovery. The move toward the $30–$31 range marked the deepest pullback of the period. Market response at that level showed fast absorption, which allowed the price to recover toward $35.30.
Current market structure shows a slowing bearish trend. Sellers failed to produce a new breakdown beneath the recent floor. As a result, buyers continued to defend the area that aligns with earlier bounce reactions visible on the chart.
Double-Bottom Pattern Watch
The recent tweet suggested a potential double-bottom scenario, and market behavior reflects early traits of this formation. The first test occurred during November, and the latest retest shows a moderate upward reaction. This pattern may gain relevance if momentum continues.
A move above nearby resistance levels would strengthen the pattern confirmation. Price currently sits near the $35.6–$36 region, which remains the nearest barrier. A daily close above that level would adjust the near-term trend structure.
Market activity shows lower trading volume, which may affect how price interacts with resistance. Volume remains down over 22% in the past 24 hours, suggesting that liquidity pockets guide the moves more than broad participation.
Short-Term Outlook and Targets
HYPE is as of writing trading at $35.30 with a circulating supply of 336.68M out of a maximum 999.53M. This supply structure allows sharper price movements during periods of concentrated liquidity. The Vol/Mkt Cap ratio near 3% indicates steady but moderate activity.
The $40 level remains an early upside target if buyers secure stronger control. That range previously served as support and resistance, making it a likely reaction area. Further continuation may open a path toward the $46–$48 band mentioned in the earlier analysis.
Support near $30–$32 remains the critical reference for traders. A failure to hold this level could shift attention to deeper price zones. For now, market behavior shows controlled stabilization as buyers continue to engage at lower ranges.
