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Analysis

HYPE Holds $28 Strong, Massive Move Ahead?

2 mins mins

 Key Insights:

  • HYPE trades above $28 support after breaking a long-term descending trendline on the daily chart.
  • Analysts monitor the $26–$27 retest zone as multi-timeframe support aligns on daily and 4H charts.
  • Major resistance stands at $58–$60 as traders assess potential continuation toward previous highs.
HYPE Holds $28 Strong, Massive Move Ahead?
HYPE Holds $28 Strong, Massive Move Ahead?

Hyperliquid (HYPE) traded at $29.85 at the time of reporting. The token recorded $297,208,838 in 24-hour trading volume. It gained 0.8% over the past 24 hours but remains down 8.6% over the last seven days.

Price continues to hold above the $27–$28 range. This level acted as resistance in prior sessions before price moved above it. A market analyst wrote that HYPE “flipped $28 into support” and stated that the structure is bullish with “$60 in focus.” Current price action shows buyers defending this area.

Source: 𝐊𝐚𝐦𝐫𝐚𝐧 𝐀𝐬𝐠𝐡𝐚𝐫/X
Source: 𝐊𝐚𝐦𝐫𝐚𝐧 𝐀𝐬𝐠𝐡𝐚𝐫/X

Daily Chart Shows Break in Downtrend

On the daily chart, HYPE moved above a long-term descending trendline. That trendline had limited upward movement for several months. The breakout marked a change in structure on the higher timeframe.

The $27–$28 zone has served as both resistance and support in the past. Recent candles show consolidation above this area. A higher low has formed near the same range. As long as price stays above $27, the current structure remains intact. A close below that level would shift attention to lower support areas.

4H Chart Points to Possible Retest

On the four-hour timeframe, HYPE rallied into the low-to-mid $30 range before pulling back. The retracement brings price closer to the $26–$27 area marked on the chart. This zone aligns with the daily support level.

Another trader stated that they are “still waiting for a retest of Green ($27–$26)” due to the alignment between daily and 4H levels. A move into this range followed by a bounce would confirm the breakout. A failure to hold this zone could lead to further downside pressure.

$60 Remains Key Resistance Level

The broader chart shows resistance between $58 and $60. This area marks a previous high and remains the next major upside reference if momentum builds. Traders continue to monitor this level in case price extends higher.

For now, HYPE trades above a key support range. Market focus remains on whether price can maintain strength above $27–$28 and attempt a move toward higher resistance.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Avatar of Olivia Stephanie

Olivia Stephanie

12 February 2026, 18:14:08 GMT +0000

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