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HYPE Coin is undergoing a healthy correction after reaching a record high of $40. With strong bullish structure intact, a higher low at support could send price toward the $44 Fibonacci extension level.
HYPE Coin (HYPE) has entered a corrective phase following a powerful bullish expansion that pushed price into uncharted territory. After topping near $40, price action has pulled back—but in a manner consistent with a strong uptrend. The correction appears to be part of a broader pattern of higher highs and higher lows, which continues to define HYPE’s bullish market structure.
Currently, price is testing a key support confluence zone. From a technical perspective, this level could serve as the ideal launchpad for the next leg higher.
Key Technical Points
- $35 Support Zone: Major confluence with 0.618 Fibonacci, VWAP SR, and Value Area Low.
- $33 Critical Level: Last line of defense for higher low structure—falling below would risk trend invalidation.
- $44 Fibonacci Extension: Target drawn from previous swing low to all-time high; next likely upside level if support holds.
The $35 level is no ordinary zone, it represents a high-confluence support cluster. The 0.618 Fibonacci retracement from the most recent swing, the VWAP-derived support, and the Value Area Low all converge here. This technical alignment increases the probability of this level acting as a higher low and base for trend continuation.
As long as price remains above $33, the broader bullish market structure remains intact. A break and close below $33, however, would invalidate the current pattern of higher lows and could shift momentum to the downside.
Should the support zone hold, HYPE coin could aim for the next key technical target, the $44 Fibonacci extension level, which aligns with a new all-time high. This isn’t just a round number or psychological marker; it’s a calculated projection based on previous market structure, making it a high-probability target if the bullish trend continues.
What to expect in the coming price action
As long as HYPE Coin holds above the $35–$33 support confluence, the market structure remains bullish. A bounce from this zone could initiate the next leg higher, with $44 as the next major upside target.