HYPE has been cooling off a bit after a strong run into the end of October. It pushed all the way up to $50.24, but since then sellers have taken the wheel for a short moment.
The bigger trend is still very much intact, and the chart looks like a classic “take a breather before the next move” situation. Right now, the HYPE price is drifting around $44.37, which puts us at a key turning point heading into November.
What you'll learn 👉
A HYPE Rally That Paused – Not One That’s Over
The breakout from $33.28 was clean, steady, and convincing. So what we’re seeing now are smaller candles, slower price action, and it’s just the market resetting after a big push.
The RSI sitting between 38 and 49 tells the same story. Momentum isn’t gone, it’s simply catching its breath.
The MACD is also easing down. That usually means bulls took profits and shorts are trying their luck. But nothing says panic yet. Think of this as a pit stop during a road trip instead of a flat tire.
Read Also: Why Is Kaspa (KAS) Price Down Over 70% Despite All the Hype?
Traders Are Loaded Up And That Can Go Both Ways
The Open Interest / Market Cap ratio has been climbing, which tells us leverage is building. When leverage is high, even a small move can turn into a big reaction. We’re likely going to see a more aggressive move soon, the only question is which direction gets triggered first.
We can also see that shorts are currently outweighing longs. If HYPE price suddenly turns back up, those shorts may get squeezed into buying back in at higher levels. That’s how quick rallies are born.
The HYPE Price Levels That Matter
If you only remember one thing from this analysis, make it this: $42–$43 needs to hold. That area flipped from resistance into support during the rally, and bulls really don’t want to lose it.
If buyers keep defending that zone, the chart stays bullish and the uptrend stays alive. Fall below it, and price may slide into the low $40s or even toward $38 before stabilizing.
On the flip side, if the HYPE price can climb back above $46–$47, which will shift the momentum quickly. That would set up a retest of the $49–$50 zone, the same place where the last breakout paused.
And if price smashes through $50.24, then the next targets become $53–$55, with a chance at $60 if buyers really pile in.
What’s Next for HYPE?
Right now, the market wants proof from buyers. A few signs to watch and they are RSI curling back into the 50s, MACD flattening or flipping green and strong candles pushing off that $42–$43 floor
If those things start happening, the move for HYPE price back to $47, then $50, should come together pretty naturally. And if shorts start getting squeezed, that breakout could get loud and fast.
But if $42 fails, even briefly, the safer entry for dip buyers is lower, around $40–$38, where the last big rally kicked off.
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