HYPE: Michaël van de Poppe Sets $112-116 Target
Michaël van de Poppe states HYPE repeats its August price action and targets $100+ with a potential rally to $112-116 after any pullback to the $80-84 zone.
SourceAnalysis
Michaël van de Poppe calls HYPE the cycle's clearest runner and keeps his $100+ target intact. The token mirrored its August sequence with a sweep of lows, sharp bounce and breakout above prior highs, now consolidating before the next leg.
Van de Poppe plans to add on any move into the $80-84 area, projecting the advance will extend to $112-116.
Price sits at $87.89 inside the Bollinger Bands with the upper band at $94.28 acting as near-term resistance. The 50-EMA at $84.91 and 200-EMA at $84.05 form a tight support cluster that aligns with the analyst's bid zone, while RSI at 53.67 leaves room for continuation despite the MACD death cross. A test of the lower band near $85.32 would likely coincide with a healthy retracement to those EMAs before any push toward the upper band and beyond.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast