TL;DR
HYPE trades inside a bullish ascending triangle, with higher lows pressing against the $50 resistance.
Assistance Fund buybacks remain close to market levels, reducing supply and steadying price action.
Exchange net outflows show tokens leaving platforms, easing selling pressure and helping stabilize HYPE.
Ascending Triangle Takes Shape
HYPE/USDT 12-hour chart is showing an ascending triangle, a structure traders often associate with bullish setups. The formation is marked by horizontal resistance near $49–$50 and a trendline of higher lows that has been in place since late July.
Crypto analyst BATMAN said,
“$HYPE is forming a textbook bullish ascending triangle pattern. Each day it’s compressing more and more, so let’s hope we get one more retest toward the bullish trendline before it breaks out.”
The asset has retested the rising support several times, with buyers stepping in at higher levels.
Source: BATMAN/X
A breakout above $50 would confirm the pattern, while
We współpracy z: https://cryptopotato.com/is-hype-set-for-a-50-breakout-chart-says-yes/
