HYPE Bottom Is In? Bulls Defend Its Defining Trendline

1 month ago 37

Rommie Analytics

Key Takeaways

  • HYPE defended the trendline behind its entire advance.
  • Fibonacci support reinforced the latest test.
  • The $57-$61 area remains the confirmation zone.
  • Protocol activity remains strong through the correction.

HYPE Defends the Trendline Behind Its Entire Run

This might be the most important HYPE chart right now. The rising trendline, originating from the low near $25.5, has supported the token throughout its entire advance, making this test far more significant than a routine correction bounce.

HYPE/USD daily price chart on Kraken showing Fibonacci retracem...                    </div>

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