HYPE Token Braces for 15% Dip—Then a Rocket Ride to $50

Buckle up, degens—HYPE’s chart is painting a classic ’buy the dip’ setup. Technicals suggest a short-term 15% haircut before the next leg up.

Why the volatility? Market makers love nothing more than shaking out weak hands before a rally. And let’s be honest—since when has crypto followed logic anyway?

The $50 target? Ambitious, but not unheard of in a market where dog-themed coins routinely moon. Just don’t tell your CFA friends—they’re still busy calculating P/E ratios for Bitcoin.

HYPE price technical analysis

The daily chart shows that the HYPE price bottomed at $9.3370 in April and then rebounded to a record high of $39.88 this month. It formed a cup-and-handle pattern whose upper side was at $28.31. 

Since this cup had a depth of approximately 66%, measuring the same distance from the top of the cup projects a target of $47.

The most likely scenario is that HYPE drops 15%, retests the $28.31 breakout zone, and then resumes its uptrend toward the $47 target. This pattern is known as a break-and-retest, where an asset breaks resistance, retests it as support, and continues in the direction of the original breakout.