HYPE Token Breaks Downtrend, Reaches New All-Time High

The HYPE token has shattered its downtrend, breaking past the $38.5-$39 barrier and reaching a new all-time high above $40 following its Robinhood listing on October 23rd. This newfound momentum is fueled by rising volume and strong green candle support, signaling a bullish reversal after weeks of decline. The initial target for HYPE based on the inverse head and shoulders pattern sits at $42.64, with the extended target around $50 supported by historical resistance levels and psychological price points.