HYPE/USDT Ready for a Breakout? Watch These Key LevelsAnalysis Description:
The HYPE/USDT pair is currently forming a descending triangle pattern on the 1D timeframe — a classic technical setup that often signals a strong upcoming price move, either upward or downward.
🔶 Strong Support Block:
The yellow horizontal zone between 33.500 – 36.785 USDT represents a solid support area where price has repeatedly bounced with strong volume. This zone is ideal for monitoring buy-back opportunities if price pulls back.
📉 Descending Resistance Line:
A descending trendline has been acting as dynamic resistance. A breakout above this line could trigger a significant bullish continuation.
🎯 Upside Targets (If Breakout Occurs):
Target 1: 38.800 USDT (minor resistance)
Target 2: 42.068 USDT (mid-range target)
Target 3: 45.800 USDT (major resistance / previous high)
📌 Trading Strategy:
Conservative Entry: Buy on support re-test within the 33.500 – 36.785 USDT zone.
Aggressive Entry: Buy after a confirmed daily breakout above the descending trendline.
Stop Loss: Below the support block, around 33.000 USDT.
💡 Additional Note:
Watch for increased volume during the breakout — this would validate the move and confirm strong momentum. If the breakout fails, expect further sideways consolidation within the current range.
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