HYPE Breaks Resistance, Reaches New Highs Above $40

The cryptocurrency HYPE has surged past resistance, hitting a new all-time high of over $40. This impressive rise is attributed to strong technical signals and growing demand within the market. Experts are predicting continued bullish momentum toward the $50 price range. A key break from a triangle pattern fueled this surge, with support zones at $35.08 and $38.04 identified by analysts. The price is also bolstered by two successful retests of the 50-day EMA on KuCoin’s daily chart, which indicates continued bullish momentum.