{"id":4321,"date":"2025-04-22T10:32:14","date_gmt":"2025-04-22T09:32:14","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=4321"},"modified":"2025-04-22T10:32:16","modified_gmt":"2025-04-22T09:32:16","slug":"hype-set-to-make-comeback-smash-through-20","status":"publish","type":"post","link":"https:\/\/preprod.investx.fr\/en\/crypto-news\/hype-set-to-make-comeback-smash-through-20\/","title":{"rendered":"Is the HYPE Set to Make a Comeback and Smash Through $20 ?"},"content":{"rendered":"\n

The Path to a Major Comeback with a Bullish Signal<\/h2>\n\n\n\n

While the cryptocurrency<\/a> market has been experiencing a difficult period<\/strong> since the beginning of the year, one particular coin seems to be standing out: Hyperliquid (HYPE).<\/a> The token is showing strong bullish signals<\/strong>, indicating a potential major comeback in the coming weeks.<\/p>\n\n\n\n

After reaching its all-time high of $35.02<\/strong> on December 21 last year, the price of HYPE entered a downtrend, forming a technical pattern called a “falling wedge.” However, things seem to be changing today.<\/p>\n\n\n

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Source: TradingView<\/figcaption><\/figure>\n<\/div>\n\n\n

The token is currently on the verge of breaking out of this pattern, crossing key moving averages such as the 20-day exponential moving average, the 9-day simple moving average, and the 50-day simple moving average. Additionally, the RSI <\/strong>is currently at 63.51<\/strong>, indicating that the bullish<\/a> momentum is picking up.<\/p>\n\n\n\n

A Key Level to Watch Closely for HYPE<\/h2>\n\n\n\n

If HYPE <\/strong>manages to stay above the $18<\/strong> threshold, the next major target is the psychological level<\/strong> of $20<\/strong>. This is a zone that has served as support several times between January and February before the price retreated in early March.<\/p>\n\n\n\n

Once this $20 level is breached, the next resistance level would be around $26<\/strong>, where the upper trendline of the falling wedge formation meets the local low formed in mid-February.<\/p>\n\n\n\n

If the breakout of the falling wedge is confirmed, with a sustained hold above $18 on significant volumes, a longer-term target of $35<\/strong> then becomes conceivable – a return to the all-time high.<\/p>\n\n\n\n

A Bearish Scenario Not to Overlook<\/h2>\n\n\n\n

Of course, the bullish scenario<\/strong> would only be invalidated if HYPE <\/strong>fails to maintain itself above the $18 support zone, especially on high selling volumes. A drop below the 50-day simple moving average and the 20-day exponential moving average could pave the way for a retest of $17.30<\/strong>, or even a return to the bottom of the falling wedge, around $12-13<\/strong>.<\/p>\n\n\n\n

But considering the current technical signals, everything indicates that the HYPE token is indeed on the path to a major comeback<\/strong>, with this bullish signal around $20 as a key milestone to watch in the coming weeks.<\/p>\n\n\n\n

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Buy HYPE on Bitget !<\/strong><\/a><\/div>\n<\/div>\n\n\n\n

More on this topic :<\/strong><\/p>\n\n\n\n