- HYPE token failed to hold $43 support and analysts now see $30–35 as the main target range.
- The chart revealed a measured risk of 51% drop which could guide price action into $30–35 zone.
- Traders shared plans to scale into the $30–35 block while short sellers warned of fading strength.
HYPE’s daily chart revealed a sharp decline below a key support zone, triggering analyst forecasts of accumulation between $30 and $35. The token, which had rallied steadily since spring, saw momentum collapse as price action cracked beneath the $43 support region. Traders are now debating whether $30–35 will serve as the next major magnet for demand.
Key Support Breach and Market Reaction
The chart shared by analyst Tyler highlights a significant structural breakdown in HYPE’s recent price action. The token fell below its ascending trendline and critical support level near $43, signaling weakening momentum after weeks of steady gains.
Tyler, who posted the chart on September 24, told his audience he plans to “buy every level from $30–35.” His outlook places the $30–35 price zone as a core accumulation target if declines extend further.
Community responses echoed mixed views. One trader described the plan as “a residency program,” noting the extended accumulation strategy. Another warned momentum has faded sharply, with $43 proving unable to sustain buyers in the near term.
Trader Perspectives on the $30–35 Zone
Market participants highlighted the $30–35 block as a likely magnet for capital if the correction deepens. SLTP, another trader , argued that the cracked daily structure could make that range a prime entry point. They confirmed intentions to scale into the region should conditions align.
Lange, a community voice, described the move as “buying the hype literally,” pointing to the speculative narrative driving the market. The statement underscored how sentiment around the token often blends technical levels with broader community-driven excitement.
Adding to the discussion, Chris claimed to hold a short position on HYPE. He also raised concerns about reports suggesting the project’s team had “frozen unstaking.” The claim, if confirmed, could have important implications for liquidity and confidence among holders.
Chart Signals and Market Uncertainty
The chart from TradingView illustrated both past volatility and current vulnerability in HYPE’s price. An earlier decline of over 73% had marked the token’s history, showing susceptibility to sharp corrections. The present chart projects a potential 51.64% drop if the measured move toward $30 materializes.
The highlighted rectangle at recent highs shows where bullish exhaustion took place. That rejection zone combined with the break below the ascending support trendline amplifies bearish risk. Technical traders often view these breaks as triggers for deeper pullbacks, especially when combined with waning momentum.
The market question emerging now is clear: can the $30–35 range act as a foundation for recovery, or will bearish pressure dominate further?
