$HYPE is currently in the breakout process 👀
After a period of trading within a down channel, HYPE has broken above the resistance trend line on the daily timeframe.
Typically, after a breakout, the price will have a pullback to retest the breakout area. The $28–$29 area is currently a significant support zone to consider placing a buy order.
If this area holds, there is a high chance that the price will continue to move up to the $34–$36 area in the next wave.
Trade $HYPE 👇
After a period of trading within a down channel, HYPE has broken above the resistance trend line on the daily timeframe.
Typically, after a breakout, the price will have a pullback to retest the breakout area. The $28–$29 area is currently a significant support zone to consider placing a buy order.
If this area holds, there is a high chance that the price will continue to move up to the $34–$36 area in the next wave.
Trade $HYPE 👇