The post HYPE Technical Analysis Jan 27 appeared on BitcoinEthereumNews.com.

HYPE has caught investors’ attention by reaching $29.24 with an impressive 21.19% jump in the last 24 hours; however, within the general sideways trend, this move may herald a critical test towards the $29.52 resistance. This rally, supported by high volume of $1.49 billion, reflects short-term optimism, but Supertrend’s bearish signal and Bitcoin’s downtrend paint a cautious picture for altcoins. Market Overview and Current Position The HYPE market is moving in a clear sideways consolidation phase on the daily timeframe. Despite the daily 21.19% increase, the 24-hour range is stuck between $24.00-$29.52, emphasizing the underlying uncertainty. Although the volume explosion reaching $1.49 billion confirms the rally, the overall trend remaining horizontal indicates that buyers might take profits. Staying above the short-term EMA20 at $24.45 gives a bullish short-term bias, but from a weekly perspective, 12 strong levels in MTF confluence (1D: 2S/3R, 3D: 2S/2R, 1W: 3S/3R) are worth watching. The market is affected by the general crypto ecosystem that has increased volatility in recent weeks. HYPE’s sudden rise is likely due to speculative interest, as there is no breaking news recently. Investors can evaluate liquidity in the spot market by conducting detailed position reviews via HYPE Spot Analysis. The sustainability of volume will be key for breaking the sideways trend – the current $29.24 price is right at the turning point. Overall market sentiment suggests that HYPE has the potential to lead an altcoin rally, but with Bitcoin dominance tending to increase, there is rotation risk in altcoins. In this context, HYPE’s current position sets the stage for a scenario where bullish momentum challenges the resistances. Technical Analysis: Key Levels to Watch Support Zones Support zones form the first lines of defense against HYPE’s downside risk. The strongest support is at $26.8294 (score: 69/100), which shows confluence on daily and…

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Filed under: News - @ January 28, 2026 12:19 am