HYPE Token Retests Key Support for Bullish Move
HYPE is retesting a major support zone near $0.001. A strong bounce may lead to bullish continuation toward $0.0015+.
- HYPE retests $0.001–$0.0011 support zone
- Previous resistance now acting as demand zone
- Bounce could push price toward $0.0015+
The HYPE token is currently drawing attention as it retests a significant support zone between $0.001 and $0.0011 on the 4-hour chart. This area, which previously acted as resistance, has flipped into support—a classic sign in technical analysis that often precedes a bullish continuation.
With the current price hovering around $0.00114, traders are closely monitoring this zone for a potential rebound. A strong price reaction from this area would confirm that buyers are stepping in, reinforcing the support level.
Targeting Higher Levels
If HYPE successfully bounces from the $0.001–$0.0011 demand zone, it could signal a continuation of the uptrend. The next key target is around $0.0015 and potentially higher if momentum builds. This setup aligns with previous patterns where support-retests have led to rallies.
However, traders should remain cautious. A breakdown below the support zone could invalidate the bullish setup. Risk management remains crucial in volatile crypto markets like this.
Technical Setup Worth Watching
The retest of support after a resistance flip is often seen as a healthy retracement in an uptrend. Such moves can offer low-risk entry opportunities for those who missed earlier breakouts. As volume increases and price shows signs of reversal, HYPE could be poised for its next leg upward.
Keep an eye on market sentiment, volume, and candlestick formations around this zone to gauge the strength of the bounce.
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