HYPE Technical Analysis Apr 4
The post HYPE Technical Analysis Apr 4 appeared on BitcoinEthereumNews.com.
HYPE is stuck in a horizontal market structure and is testing critical support at $35.60 levels; if BOS (Break of Structure) does not occur at these points, trend continuation is likely, but a downside break could signal CHoCH (Change of Character). Market Structure Overview HYPE’s current market structure shows clear horizontal consolidation in recent periods. While the price fluctuates between $35.32 – $36.14, the overall trend can be defined as sideways. Trading below the short-term EMA20 ($36.97) indicates a bearish short-term structure. The Supertrend indicator also gives a bearish signal, and $41.89 resistance stands as a strong upper boundary. RSI is neutral at 45.98, while MACD supports downward momentum with a negative histogram. In the multi-timeframe (MTF) structure, there are balanced 12 strong levels on 1D, 3D, and 1W timeframes: 3 support/3 resistance on 1D, 3S/4R on 3D, 3S/2R on 1W. This balanced distribution indicates the absence of a clear trend; the market is moving range-bound between swing points. No breakout yet for higher highs/higher lows (HH/HL) bullish trend or lower highs/lower lows (LH/LL) bearish trend. Stabilizing at $35.61 with +0.37% change in the last 24 hours, volatility is low. This structure advises patience for investors; wait for structural breakout. Trend Analysis: Uptrend or Downtrend? Uptrend Signals For an uptrend, HH/HL structure should be sought: Holding above the last swing low $35.5975 (69/100 score) could form a higher low (HL). If price breaks $37.2700 (65/100) resistance, it confirms HH structure and opens bullish continuation target to $50.1049 (22 score). Crossing EMA20 ($36.97) would also be a positive CHoCH. RSI is currently neutral, but momentum above 50 would strengthen HH/HL. In MTF, 1W supports (around $33.94) provide solid ground. Downtrend Risk For a downtrend, monitor LH/LL: Staying below the last swing high $37.2700 forms a lower high (LH). If $35.5975 support…
Filed under: News - @ April 4, 2026 1:35 am