crypto.news 2025-05-27 17:46:12

Hype coin dips into support: bullish pullback could trigger new all-time high

HYPE Coin is undergoing a healthy correction after reaching a record high of $40. With strong bullish structure intact, a higher low at support could send price toward the $44 Fibonacci extension level. HYPE Coin ( HYPE ) has entered a corrective phase following a powerful bullish expansion that pushed price into uncharted territory. After topping near $40, price action has pulled back—but in a manner consistent with a strong uptrend. The correction appears to be part of a broader pattern of higher highs and higher lows, which continues to define HYPE’s bullish market structure. Currently, price is testing a key support confluence zone. From a technical perspective, this level could serve as the ideal launchpad for the next leg higher. Key Technical Points $35 Support Zone: Major confluence with 0.618 Fibonacci, VWAP SR, and Value Area Low. $33 Critical Level: Last line of defense for higher low structure—falling below would risk trend invalidation. $44 Fibonacci Extension: Target drawn from previous swing low to all-time high; next likely upside level if support holds. HypeUSDT (1H) Chart, Source: TradingView The $35 level is no ordinary zone, it represents a high-confluence support cluster. The 0.618 Fibonacci retracement from the most recent swing, the VWAP-derived support, and the Value Area Low all converge here. This technical alignment increases the probability of this level acting as a higher low and base for trend continuation. As long as price remains above $33, the broader bullish market structure remains intact. A break and close below $33, however, would invalidate the current pattern of higher lows and could shift momentum to the downside. You might also like: Top 3 reasons Dogecoin price may jump 110% soon Should the support zone hold, HYPE coin could aim for the next key technical target, the $44 Fibonacci extension level, which aligns with a new all-time high. This isn’t just a round number or psychological marker; it’s a calculated projection based on previous market structure, making it a high-probability target if the bullish trend continues. What to expect in the coming price action As long as HYPE Coin holds above the $35–$33 support confluence, the market structure remains bullish. A bounce from this zone could initiate the next leg higher, with $44 as the next major upside target. Read more: MetaMask extension now supports Solana, mobile app integration weeks away

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