HYPE: Analyst Eyes $110-120 on Bitcoin Bottom

Michaël van de Poppe sees a potentially bullish chart for HYPE that hinges on whether Bitcoin secures a bottom in the current zone.

The trader notes the token swept its August low and appears to be repeating that move near $75 in October, opening a path to $110-120 over the coming months if support holds, while downside longs sit below $68 and best case $60.

At $77.77, HYPE trades inside its Bollinger Bands with the upper band at $78.97 acting as immediate resistance and the lower band at $74.68 marking short-term support; the 50-EMA at $78.31 and 200-EMA at $82.44 frame the longer-term bearish structure, yet the MACD golden cross at -0.08 supplies bullish momentum while RSI at 51.1 remains neutral, suggesting price may test the upper band before any sustained move higher or a retracement toward the 50-EMA confluence.