Market Direction

HYPE fades from highs — risk ahead

Published: May 19, 2025

HYPE’s structure is weakening. Resistance at $28 held, and downside levels are coming into view. If $23 breaks, it may trigger a multi-week slide back toward $14.5. Let’s break it down.

Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results.

Price remains in its major uptrend; however, price has initially rejected the prior highs of $28.00.
Price is now moving lower but into the prior cluster area between $23.00 and $26.00. This may see price find some short-term support in this zone.
To the upside, the main resistance remains the highs at $28.00. We don't expect them to be breached anytime soon.
To the downside, $23.00 is a key horizontal support, with $18.50 the next level below that.
The RSI has begun to reset, and it's fallen below its moving average. This may mean we see price test lower levels over the coming weeks.

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Next Support: $23.00
Next Resistance: $28.00
Direction: Bearish
Upside Target: $28.00
Downside Target: $14.50

Cryptonary's take

HYPE has been one of the outstanding performers over the last 6 weeks. But, like other Majors, price seems to be losing upside momentum here. We're watching if price can hold above its uptrend line and the key horizontal level of $23.00.

However, our expectation is that in 3-5 week's time, the price will have broken down and it'll be revisiting the $14.50 to $18.50 area. We also wouldn't be surprised to see the lower end of this zone - $14.50.