HYPE Bulls Regain Control, Eyeing Yearly Highs
- Bitcoin has surged above $104,000, while Ethereum has reclaimed the $2,500 mark.
- HYPE bounced strongly off the $17.5 level, now acting as support.
- The asset is approaching a key resistance zone near January highs around $28.
- Current trading price for HYPE is $25.29, with a recent local high at $25.57.
- Bulls aim to reclaim the $28 level to open the path to new all-time highs.
HYPE is showing strong momentum after bouncing from the $17.5 support level and is now targeting a critical resistance zone near its January highs of $28. The asset’s ability to break and hold above this level could signal further upside potential in the bullish crypto market environment.
Source (2.6)https://www.newsbtc.com/news/hype-bulls-regain-control-after-sharp-recovery-approaching-yearly-highs/?rand=52377
