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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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Hype Coin at Critical Crossroads: $50 Rally or $41 Crash Incoming?
HYPE token faces a make-or-break moment at $45 support after breaking a descending trendline. The next few sessions could determine whether HYPE rockets toward $50 or tumbles back to $41 in this textbook technical setup.
HYPE Price Tests Crucial $45 Support After Trendline Break
The HYPE/USDT pair has broken above a descending trendline and is testing the critical $45 zone. According to @Pinnacle_Charts, this level represents a classic resistance-turned-support scenario.
Trading around $43.58 with session highs at $43.74 and lows at $43.52, HYPE shows tight consolidation. The $45 level is crucial – it's where previous selling pressure emerged, making it a key psychological barrier for bulls.
If HYPE holds above $45, analysts eye a rally toward $47-$50, representing roughly 15% upside from current levels.
What Happens If HYPE Price Support Cracks?
If the $45 support fails, HYPE faces a drop to $41.02 – a 6% decline from current prices. A deeper breakdown could push the price toward $37.50.
For bulls to succeed, HYPE needs sustained volume and a decisive break above $47. Without these, the breakout risks becoming a bull trap as the price retreats to lower support levels.