Rising Triangle Squeeze on HYPE Points to $55, but $45 Must Go First

HYPE builds higher lows above $39.075, pressing into $45 resistance with a clear bullish triangle structure intact.

With $39.800 back in play, HYPE regains control as traders eye the $40.411 pivot and a potential $55 breakout.

Momentum holds above the trendline as daily structure aligns with intraday strength, putting bulls in charge across all timeframes.

HYPEUSDT is holding firm above trendline support, gaining momentum after bouncing cleanly from the $39.075 level. With bulls reclaiming control across multiple timeframes, the cryptocurrency is now eyeing a breakout past the $45 resistance zone.

Ascending Structure Holds as Pressure Builds

HYPE continues to climb within a rising triangle, maintaining a short-term bullish structure across both higher and lower timeframes. Key support rests at $39.075, while pressure builds just below the heavy resistance range from $42.00 to $45.00.

Market analyst Lennaert Snyder notes that HYPE is respecting the ascending trendline formed since early May, producing higher lows with each retest. He also points out that the resistance block near $44 has capped multiple rally attempts, making it a significant barrier. According to Snyder, a successful breakout above $45 would unlock upside potential toward $55, aligning with the 1.618 Fibonacci extension level.

Source: (X)

HYPE has defended the $36.00 consolidation floor throughout June and early July, while buyers remained active. Snyder adds that this sustained accumulation pattern mirrors HYPE’s earlier breakout in May, where similar price compression triggered a powerful rally. The current daily candle confirms bullish intent, with the price trading at $39.09 at the time of analysis.

Lower Timeframe Shows Recovery in Motion

Short-term structure on HYPEUSDT reflects strong intraday buyer action, reclaiming critical levels after testing the $39.001 Tokyo low. The hourly chart shows a clean continuation from $39.075 to $39.531, marking a swift rebound into higher levels.

Crypto analyst Smith observes that HYPEUSDT broke above $39.473 and retested it cleanly during the New York session. He explains that price reclaimed directional control, printing consecutive hourly highs and targeting the previous session peak at $40.411. Smith believes the dH level near $39.600 is the immediate hurdle before momentum can expand toward $40.800.

With intraday structures now aligned with the higher timeframe setup, traders are watching how HYPE behaves at the $39.800 pivot. Could volume-backed candles confirm the breakout toward the $45 level?

Moreover, the absence of volatility spikes across both sessions reflects calculated positioning from buyers. HYPE currently remains in bullish formation above its trendline, and traders are respecting each higher low. The squeeze within this triangle pattern keeps pressure tilted to the upside.

Final Outlook

If bulls retain control over $39.600, HYPE may retest the $42.00-$45.00 range with more impetus. The path toward $55 stays valid as long as structural support holds firm beneath price action.

The post Rising Triangle Squeeze on HYPE Points to $55, but $45 Must Go First appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.