HYPE hasn’t had a quiet week. After sliding into the low $30 range, traders are now trying to figure out whether this dip is just a cooldown or the setup for something bigger.
Based on fresh chart analyses circulating on X, many believe HYPE may be preparing for its next move, not finishing one.
At the time of writing, the HYPE price is trading around $31.24, and despite the recent drop, sentiment hasn’t flipped bearish. Instead, the market seems more curious than worried.
What you'll learn 👉
HYPE Is Back Inside a Key Trading Zone
According to analyst Lucky, HYPE has returned to a price range that has been important all year. Every time it dipped into this zone, buyers eventually stepped in and pushed it higher.
The HYPE chart also shows a clean descending trendline that has guided the recent correction, and the price is now hovering right beneath it.
If the HYPE price can break that trendline and reclaim the $36–$38 region, Lucky believes the uptrend could restart. It wouldn’t be the first time this exact setup previously led to a strong rally.
For now, this range looks like a spot where buyers are quietly waiting.
A Clear and Confident Price Target for HYPE
Analyst Nigma kept it short: “7 dollars more.” He previously predicted the HYPE price to go toward $23 on November 14, and after that happened, the token bounced and added about $7, climbing back into the upper $30s.
His HYPE chart highlights two nearby support levels at $27.12 and $22.10, both of which have played major roles before.
As long as those levels stay intact, the broader bullish structure doesn’t change. And if the HYPE price rebounds like it has in the past, a push toward $37 or even higher isn’t unrealistic.
What’s interesting is that Nigma’s chart doesn’t show much resistance until HYPE gets closer to the $40s, meaning momentum could accelerate faster than expected if demand returns.
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So What Happens Next for HYPE?
Right now, it all comes down to support. Holding above $27 keeps buyers in control. Losing that level would send the price of HYPE into a deeper demand zone, which would postpone any attempts at a breakout.
But if the price stabilizes, the volume picks up, and the descending trendline finally breaks, then the case for a bullish continuation becomes much stronger.
For now, HYPE is sitting in a familiar spot, one that has produced rallies before. The only question is whether traders are ready to make that happen again.
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