Hello There,

welcome to this update analysis about HYPE. Since my last analysis of HYPE, the coin emerged with strong bullish expansions and already reached the first H-S target zone I pointed out in my analysis. Now, as this important target has been reached HYPE I spotted further pivotal signs which could alter the whole price dynamic within the upcoming times.

When looking at my chart now, we can see how HYPE, since reaching the first target, pulled back and is now testing remaining support zones. As the short-term supply increased, it could drop more and visit the remaining support. The most important support is within the ascending support boundary.

In the next times, it is likely that HYPE visits this area to complete the wave count within the descending wedge, bounce in the supports, and set up the next bullish wave expansion. Once the breakout above the upper boundary of the formation is completed, this will determine the bullish expansion setup.

As already mentioned in my previous analysis, HYPE has the final target zone as marked in my chart. From the current point of view, it is highly necessary that HYPE increases bullish volume and momentum to complete the formation and set up the next bullish wave expansion.

In this manner, thank you a lot for watching!
The support is highly appreciated.

VP