HYPE Jumps 14% After Reaching $40 Support, Signaling a Uptrend

The cryptocurrency HYPE experienced a powerful rebound of 14%, surging past the key support level of $40. This surge indicates renewed buying interest and signals a potential for an upward market trend. Analysts believe this positive move might be driven by expanding DeFi applications, fueled by increased institutional investments. Our latest analysis provides further insights into the current market landscape.