#HYPEUSDT *HYPEUSDT Eyes $75+ Move After Healthy Pullback on 4H Chart*
HYPEUSDT is trading at $59.78 on the 4H Bybit chart, up 0.74% on the day after pulling back from recent highs near $64. The structure still looks bullish, with the chart showing a potential shakeout before the next leg up.
*What the Chart Shows:*
*1. Strong Uptrend Remains Intact*
HYPE ran from $43 to $64 in under two weeks, marking a 50%+ move with clean higher highs and higher lows. The current pullback is the first real cooling-off phase, and it’s happening right at a key support zone near $54.50.
*2. Pullback Scenario to $53-$56*
The drawn projection shows a possible dip toward $53-$56 before reversal. This area lines up with the prior breakout level from $54.50, making it a logical demand zone. If buyers step in there, it would reset the market for the next push higher without breaking the trend.
*3. Target Opens Toward $75+*
If the pullback holds, the next move could target $75-$76, which is the measured extension from the current range. That’s roughly 25% upside from current levels. The structure would only turn bearish on a daily close below $53.
*Outlook:*
HYPE’s uptrend is healthy as long as it holds above $53.50 on the 4H. A bounce from $56 would confirm continuation, while a deeper sweep to $53 could offer a better risk-reward entry for swing traders eyeing $75+.
_Note:
This is technical analysis on the 4H HYPE/USDT perpetual chart. Use stop losses and manage risk._