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Cryptocurrency News Articles

HYPE (RHP) Shows Renewed Strength As It Pushes Into Higher Levels

May 11, 2025 at 03:30 pm

After a brief pullback, HYPE has bounced strongly off the $17.5 level—an important throwback zone that is now acting as support.

HYPE (RHP) Shows Renewed Strength As It Pushes Into Higher Levels

HYPE price is showing renewed strength as it pushes into higher levels, following a broader market breakout. With Bitcoin surging above $104,000 and Ethereum reclaiming the $2,500 mark, the crypto landscape is rapidly shifting back into a bullish phase.

As sentiment turns bullish and liquidity rotates into high-potential altcoins, HYPE is well-positioned to benefit from the renewed energy in the market. With price structure improving and key levels being claimed, the coming days may be critical in defining whether this move evolves into a sustained uptrend. Traders are now watching closely for follow-through as HYPE approaches its next resistance zone.

HYPE Bulls Target January Highs

HYPE is facing a decisive moment as price action pushes into a key supply zone near the January highs around $28. After bouncing strongly from the $17.5 throwback level, the asset has regained bullish momentum and now approaches one of the most important technical levels on its chart. This zone served as a rejection point earlier in the year, and bulls must now prove they have the strength to flip it into support.

Crypto analyst Cheds shared insights confirming the shift in momentum, noting that HYPE is showing clear strength off the $17.5 level—an area that has now acted as a successful retest following the asset’s initial breakout. The strong rebound suggests that market participants are accumulating, and momentum is beginning to build as the broader crypto market turns bullish.

“New highs in sight for HYPE as it continues to show strength. It's re-accumulating above the $17.5 zone after a successful retest.”

Across the board, sentiment is improving. HYPE is now participating in that resurgence, but faces its biggest test yet. If bulls can reclaim the $28 level with conviction, the path toward new all-time highs opens up. However, if this level holds prices again, another period of consolidation may follow.

The weekend rally has pushed markets into critical zones, and HYPE’s ability to sustain upward pressure through this resistance will be closely watched. A breakout above $28 would not only mark a technical victory but also likely interest and volume across the board. For now, bulls remain in control, but the next move will determine whether HYPE enters true price discovery or pauses just below the highs once more.

HYPE Approaches Resistance With Momentum As Bulls Eye Breakout

The 4-hour chart for HYPE shows strong bullish momentum, with price currently trading at $25.29 after tapping a local high near $25.57. The rally has been steady and clean, bouncing consistently off the 200 EMA and SMA, now well below the current price, confirming a clear uptrend structure.

HYPE price chart on 4-hour time frame. Source: TradingView

HYPE is now pressing into a key resistance zone between $26 and $28, a level that previously acted as supply back in January. This area represents a major test for bulls, as it aligns with the upper boundary of a multi-month range. Volume is healthy, and the trend remains intact with higher highs and higher lows across multiple timeframes.

If HYPE can break and hold above $28, it opens the door for a challenge of the all-time highs. For now, the modular synth may be consolidating slightly below resistance as sellers defend this zone, but the overall structure favors a breakout continuation.

A throwback to the $23–$24 region could act as a healthy retest, but holding above $22 is key to preserving bullish momentum. As long as the trend and volume remain intact, HYPE appears poised for further upside in the coming days.

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Other articles published on May 12, 2025