HYPE Retests $40 Support, Eyes 30% Rally

HYPE retests $40 support as buyers defend trend, with analysts targeting a potential move toward $50 and a possible 30% rally in May.

$HYPE is holding near the $40 support area after a fresh retest, as traders watch whether buyers can defend the latest breakout zone.

Market analysts are tracking the token’s stair-step structure, with some pointing to a possible move toward $50 if support remains firm in May.

$HYPE Retests $40 After Breakout

Whale Factor said $HYPE is showing signs of a healthy uptrend. The analyst noted that price has broken out and returned to test former resistance as new support.

According to Whale Factor, the latest pullback has reached the third retest zone near $40. The analyst said buyers have already started to respond at this level.

“Price breaks out and then comes back to flip old resistance into new support,” Whale Factor wrote. The comment points to a common market structure during an upward trend.

The $40 zone is now a key area for short-term traders. If buyers defend this level, the trend structure may remain intact.

Whale Factor also said the next projected move could target a 30% gain from current levels. That would place the next upside area near the $50 range.

Stair-Step Structure Remains in Focus

Crypto King said $HYPE has respected each level during the recent move higher. The analyst described the chart as a clean stair-step structure.

The chart pattern shows three support retests after earlier upward moves. Each retest has been followed by a stronger push higher, according to the analyst.

Crypto King said the token is now sitting at the third retest area. The analyst said traders are watching for a move toward $50.

“Each bounce leads to a strong push higher,” Crypto King wrote. The statement reflects the recent pattern of support tests and upward moves.

A stair-step structure often shows steady buyer interest. It can also show that sellers are failing to push prices below key levels.

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$40 Support Remains Key for the Next Move

The $40 support area remains the main level for the current setup. A sustained hold above this zone could keep the bullish structure active.

A move from $40 toward $50 would represent about a 25% gain. A 30% rally from near $40 would place the price closer to $52.

Traders may watch volume and daily closes for confirmation. Strong buying volume near support could support another upward attempt.

A failure to hold $40 would weaken the current structure. It could also suggest that the latest breakout has lost momentum.

For now, the token remains in a support retest phase. The next move may depend on whether buyers can maintain control near $40.

Market attention around $HYPE has increased as May approaches. Analysts are watching whether the token can repeat its prior support bounces.

The current setup places $40 as support and $50 as the next visible target. A clear move above $50 could extend the ongoing uptrend.