HYPE: Bullish Structure Holds Near $68
HYPE trades at $68.12 with EMA50 support at $66.67 as CryptoMichNL eyes $100 rally on break of €60.
SourceAnalysis
HYPE maintains its bullish structure according to Michaël van de Poppe despite a minor dip below the 21-day and 50-day moving averages.
Price action at $68.12 sits comfortably above the EMA50 at $66.67 and EMA200 at $66.26, confirming the longer-term uptrend remains intact. With price testing upper Bollinger resistance at $69.14 while RSI at 61.4 stays neutral and MACD prints a golden cross, a healthy retracement to the 50-EMA support at $66.67 appears probable before continuation. HYPE price prediction models now focus on the €60 break that unlocks the move toward $100.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast