HYPE Consolidates Near $49, Trading Range Tightens Before Breakout

The HYPE token is currently trading near $49.35 within a tight range between $48.71 support and $50.96 resistance. This consolidation period has traders eyeing a potential breakout after recent price action. The last wedge breakout, which coincided with a 500% surge in price, suggests a similar scenario may occur again. Short-term price activity remains stable, but a decisive move above the resistance is needed to trigger a sustained upward trend.