CryptoLS

$HYPE The HYPE price shows a rounded bottom pattern, a bullish reversal structure that usually signals the end of a downtrend and the beginning of a sustained uptrend.

The breakout above the neckline area near the $26–$28 range confirms the bullish reversal. Currently, the Hyperliquid price has surged to $35.53, approaching the key resistance at $36.08, which represents the swing high before the initial decline began.

With the breakout from the rounded bottom pattern confirmed, the HYPE price is poised for further gains if it can decisively break above $36.08. A clean breakout above this level could send prices toward $40.00 and even $45.00 in the medium term.

However, given the extreme RSI, there is a significant chance of a pullback. Support zones include the $29.89 (0.236 Fib level) and $26.07 (0.382 Fib level), which may offer entry points for Hyperliquid buyers looking to capitalize on a potential retest.

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