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HYPE Coin has entered a corrective phase following a significant rally that pushed its price to an all-time high of $40. Despite the recent pullback, the coin’s market structure remains strongly bullish, characterized by a pattern of higher highs and higher lows. This healthy correction could set the stage for another upward move if key support levels hold.

Key Technical Levels to Watch

The price of HYPE Coin is currently testing a critical support zone. From a technical analysis perspective, this support area could act as a launchpad for the next bullish leg. Here are the major levels to monitor:

  • $35 Support Zone: A significant confluence level that aligns with the 0.618 Fibonacci retracement, VWAP-derived support, and the Value Area Low.
  • $33 Critical Level: The last line of defense for the higher low structure. A break below this level could invalidate the bullish trend.
  • $44 Fibonacci Extension: A calculated target based on the previous swing low to the all-time high. This is the next potential upside level if the support zone holds.

Technical Analysis of HYPE Coin

The $35 support zone stands out as a high-confluence area, combining multiple technical indicators. The 0.618 Fibonacci retracement, derived from the recent swing low to the all-time high, aligns perfectly with this level. Additionally, the VWAP (Volume Weighted Average Price) support and the Value Area Low further reinforce the importance of this zone. These technical factors suggest that the $35 level could act as a strong base for a continuation of the uptrend.

As long as the price remains above $33, the broader bullish market structure will stay intact. However, a decisive break and close below this level could signal a shift in momentum, raising the possibility of a bearish trend reversal.

Potential Upside Target: $44 Fibonacci Extension

If the $35–$33 support confluence holds, HYPE Coin could aim for its next key technical target: the $44 Fibonacci extension. This level is not just a round psychological figure but a precise projection based on previous price action. It represents the next logical step in the bullish trend and could mark a new all-time high for the coin.

What to Expect Next

Traders and investors should keep a close eye on the $35–$33 support zone. A strong bounce from this area would likely confirm the continuation of the uptrend. In such a scenario, the $44 Fibonacci extension becomes the most probable target for the next price surge.

However, caution is advised if the price falls below $33, as this would invalidate the current higher low structure and could lead to bearish momentum in the short term.

Tips for Trading HYPE Coin

  • Monitor key support levels such as $35 and $33 to identify potential entry points.
  • Use stop-loss orders to manage risk, especially if the price moves below $33.
  • Set realistic profit targets, with $44 being a high-probability level based on Fibonacci analysis.
  • Stay updated on market news and sentiment, as external factors can influence price movements.

Overall, HYPE Coin remains in a bullish market structure, and this correction could provide an opportunity for traders and investors to capitalize on the next potential leg higher. With proper risk management and a focus on key technical levels, you can navigate the market effectively.

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