$22 to barely survive, $32 to be full: The greed game of HYPE coin is unfolding
As the lord of the cryptocurrency analysis, I will speak directly! The latest price of HYPE is $25.245, with a 24-hour volatility of only 0.53%. It seems calm, but there are undercurrents—The candlestick chart shows that it has formed strong support at the key low of $22.185, and the purple technical indicator line (presumed to be RSI) is consolidating around the 50 axis, indicating that a trend change is imminent.
In terms of market capitalization, HYPE ranks 27th globally, with a market cap of approximately $8.508 billion, a circulation rate of 27.08%, and a high concentration of chips. From a technical perspective, the marked positions on 9/13 are actually the Fibonacci 50%-61.8% retracement levels. The current price is constructing an ascending triangle, and if it breaks through the resistance at $26, the target will be $32!
Personal view: As the native token of the Hyperliquid chain, HYPE combines staking rewards with trading fee dividends, and its fundamentals are solid. Coupled with the signal that the 200 EMA is about to turn into support, it is expected to challenge $32.8 in Q4, but caution is needed regarding the selling pressure in the historical resistance area at $47.5. This wave of market movement will either break through the historical high or pull back to $22 for accumulation—I bet on the former, because on-chain data does not lie!
HYPE is at the resonance point of technical and fundamental aspects, and the battle for a breakthrough is about to begin. It is recommended to accumulate on dips, with a target of $32!
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