#HYPEContinuesToHitAll-TimeHighs

HYPE is still sitting near its all-time highs after a massive run. The token is trading around 83.67 on the daily chart, up more than 220 percent year-to-date, and the buyback-and-burn mechanism continues to remove supply from circulation. The next major event is a roughly 1.2 billion dollar token unlock scheduled for August 29.
On the daily timeframe price closed at 83.67 after touching 85.02. The 9-period MA sits at 80.00 and the 50-period MA is much lower at 62.40. Bollinger Bands stretch from 44.35 on the downside to 91.17 on the upside, with the middle band near 67.76. Price is trading in the upper half of the band and remains well above every major moving average. The next visible resistance is the upper Bollinger and SRL level at 91.17. Support starts at the 9-period MA near 80, then the middle band at 67.76 and the 50-period MA at 62.40.
RSI is elevated at 75.62, firmly in overbought territory. MACD remains positive with the histogram still expanding, showing that momentum has not yet rolled over despite the stretch.
The bullish case is a clean hold above the 80 level through the unlock and a subsequent push toward 91.17. If the buyback-and-burn continues to absorb supply and the market digests the unlock without heavy selling, the path of least resistance stays higher. In that scenario the entire 80–67 zone becomes the first support band on any pullback.
The bearish case centers on the unlock itself. A failure to hold 80 on rising volume, especially if unlock-related selling hits the order book, would likely send price toward the middle Bollinger Band at 67.76. A break of that level would open the door to the 50-period MA at 62.40. After a 220 percent year-to-date advance and with RSI already stretched, any disappointment around the unlock could trigger a sharper mean-reversion move.
I am treating 80 as the immediate pivot and 91.17 as the next upside magnet. Until the unlock is absorbed, size stays measured. The deflationary mechanism is a real structural positive, but the chart still has to prove it can digest 1.2 billion dollars of new supply without losing the higher-high structure.
Are you holding through the unlock, adding on a reclaim of 85, or already reducing exposure near the highs? Share your plan.
‍#HYPE #TokenUnlock $HYPE