🚀 $HYPE Technical Analysis: The Next Leg Up? 🚀
$HYPE is currently showing a massive bullish consolidation pattern. After its explosive launch, the price is stabilizing, and the "Smart Money" is accumulating.
📊 Technical Breakdown:
The Pattern: We are seeing a Bullish Pennant on the 4H timeframe. This usually results in a continuation of the previous uptrend.
Support Zone: Strong buyers are sitting at the $13.00 - $13.50 level. As long as we stay above this, the trend is your friend.
The Breakout: A daily close above $15.80 will likely trigger a massive short squeeze toward $20+.
🎯 The Trading Setup:
Entry Range: $13.80 – $14.20 (Buy the dip)
Stop Loss (SL): $12.40 (Protect your capital!)
Leverage Recommendation: 2x - 3x (Keep it low for high-volatility assets)
💰 Take Profit (TP) Targets:
$16.50 (Short-term resistance)
$18.20 (Mid-term target)
$21.50 (New ATH / Psychological Target) 🚀
💡 Why $HYPE?
Hyperliquid is currently outperforming most decentralized exchanges in volume. When a project has real utility and massive trading volume, the price usually follows.
Do you think $HYPE hits $25 by the end of next month? Let me know in the comments! 👇
#hype #Hyperliquid #BinanceSquare #CryptoAnalysis #Altcoins
#BullishTrend