Hype coin has recently seen some exciting price action, with sharp moves, trend reversals, and a key HYPE breakout attempt. Traders have closely watched how it reacts around the critical $18.80 resistance level. After a fake breakout earlier, the HYPE Token is now holding above this level, raising hopes for a real upward move. With momentum building again, many wonder if this is the start of a bigger rally or another trap.
HYPE Price Analysis of 29th April, 2025
The HYPE price action on a 5-minute chart on April 28 exhibits a strong uptrend initiating at 01:45 UTC, accelerating momentum through a defined bullish channel. The HYPE Token climbed steadily toward the resistance zone near $18.80, peaking around $18.57 by 09:25 UTC. In this rally, RSI flashed overbought signals across several candles, while MACD hovered in a bullish crossover range. However, signs of exhaustion emerged below resistance, where price action paused and formed a brief sideways structure before slipping into a sharp descending channel.
Chart 1, Analyzed by Alokkp0608, published on April 29th, 2025.
Between 09:30 UTC and 15:30 UTC, HYPE price entered a clear descending channel, steadily shedding gains as it approached the critical support zone around $17.20. The drop aligned with multiple RSI dips into oversold territory, while MACD momentum waned into a bearish range. This decline was halted precisely at the support, confirming its significance. From there, Hyperliquid entered a sideways structure between $17.25 and $17.85, highlighting buyer interest at the lower boundary. MACD signaled early recovery during this period, while RSI rebounded from lows, reflecting emerging demand and a potential base-building phase near support.
Between 18:45 UTC and 00:45 UTC, the HYPE price broke upward into another bullish channel, reclaiming levels up to $18.53 before briefly losing steam around 21:20 UTC. A stronger uptrend began around 22:30 UTC, driving HYPE toward the $18.80 resistance again. During this push, RSI entered and sustained overbought conditions, while MACD crossed back into bullish momentum. A HYPE breakout above $18.80 occurred around 00:45 UTC on April 29 but proved to be a fakeout as sellers quickly reclaimed the zone, pushing the price back to $18.30. Despite this retracement, buyers defended higher lows, initiating a recovery toward resistance again.
HYPE Price Outlook: What Is Ahead for Hyperliquid?
HYPE built an upward structure above $18.50 between 03:00 UTC and 07:30 UTC, testing the resistance-turned-support around $18.80. MACD turned bullish again, while RSI hovered near overbought levels, suggesting momentum remained on the bulls’ side. HYPE Price action has now pushed convincingly through resistance, reaching $18.90. Holding above $18.80 would mark an accurate HYPE breakout confirmation, which could target $19.40 and $20.10 as the following resistance zones. A failure to hold could trigger a retest of $18.50 and $18.30, but indicators currently favor continuation. As long as momentum persists and no bearish divergence appears, upside remains more likely in the short term.
Will HYPE Hold Above $18.80 or Slip Back Again?
HYPE finally shows strength after breaking through the stubborn $18.80 resistance, this time for real. A fake-out rattled a few nerves earlier, but now the HYPE Token seems to be standing. Momentum indicators like the MACD and RSI still flash bullish signals, suggesting there’s room for more upside.
If buying pressure keeps up, we could see a push toward $19.40 or $20.10 in the near term. That said, $18.80 remains a critical level to watch. If the price dips below it, a quick slide to $18.50 or even $18.30 isn’t off the table. The breakout looks solid for now, but staying above support is key to keeping this rally alive.
HYPE Price Analysis of May 1st, 2025
The HYPE price action on a 5-minute chart over the past 24 hours reveals a strong transition from a compressed trading structure into an assertive upward breakout. From 00:00 UTC until nearly 12:00 UTC on April 30, the price remained inside a sideways path between $18.80 and $18.15, marked by low volatility and range-bound movement. During this period, RSI hovered near neutral zones with brief overbought spikes that lacked follow-through. A death cross appeared on the MACD around 06:00 UTC, reinforcing stagnant momentum. This indecision phase represented accumulation, where buyers and sellers were broadly balanced before a shift began post-12:00 UTC.
Chart 1- Analyzed by Alokkp0608, published on May 1st, 2025.
Between 12:00 UTC and 15:00 UTC, HYPE price broke out of the range with a sharp drop into a descending channel that bottomed at $17.65. The fall briefly breached the $18.00 support, but the decline was quickly absorbed, signaling strong buying interest. This reversal came with MACD forming a golden cross around 13:45 UTC, which aligned with a bullish RSI recovery from the oversold zone. By 14:15 UTC, the Hyperliquid token price had exited the downtrend and began carving a new ascending channel. This bullish pivot was the first sign of real directional intent, supported by increasingly bullish RSI readings and narrowing MACD histograms.
A Hype Breakout Retest Confirms Strength
From 15:00 UTC to 21:00 UTC, HYPE gained steadily within the newly formed ascending channel, breaking above multiple interim resistances before challenging the key level at $19.70. By 23:10 UTC, the price broke through this resistance with momentum, reaching as high as $20.28 just after midnight UTC on May 1. RSI entered the overbought zone during this HYPE breakout phase, reflecting aggressive buying pressure, while MACD widened in bullish territory after a golden cross near 20:30 UTC. This phase marked the strongest leg of the rally, signaling broad participation from buyers and confirming bullish structure.
However, between 00:15 UTC and 03:50 UTC, a pullback emerged. The Hyperliquid token fell from its peak of $20.28 below the $19.70 resistance zone, touching $19.26. This decline followed an RSI peak and sharp reversal from overbought territory, indicating buyer exhaustion. A death cross appeared on the MACD in tandem, showing weakening momentum. Despite this drop, the rejection near $19.26 found support above the prior ascending structure, and the HYPE price avoided retesting deeper levels like $18.80. This contained drop, though initially sharp, helped reset overbought conditions and allowed consolidation for another leg.
Sustainability Above Breakout Level Remains Key
Following the retracement, HYPE price began a recovery phase around 03:50 UTC, and by 05:15 UTC, it successfully retested and broke above the $19.70 level once again. This second HYPE breakout held better structure, as price climbed steadily toward $20.00 and consolidated in a tight range, suggesting healthier continuation potential. RSI hovered just below overbought, showing controlled bullish pressure. MACD lines stayed aligned in a minor bullish divergence from the price lows, indicating underlying momentum still favors buyers. Price hovered near $20.05 as of the latest candle, trading just above resistance-turned-support.
Strong Momentum But Needs To Hold Above $19.70 For Further Upside
HYPE price shows healthy bullish momentum, but sustaining above $19.70 remains critical for further gains. If bulls hold the breakout, price could test $20.30 again, with room toward $20.80 on extended strength. Support rests at $19.25 and $18.80. RSI is floating just under the overbought zone, bullish but vulnerable to fatigue, while MACD remains in a mild bullish state with narrowing histograms. For now, upside bias remains intact, but failure to hold above $19.70 could trigger another round of short-term profit-taking. Traders should watch for volume confirmation and MACD continuation to assess the strength of the breakout.
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