#HYPEContinuesToHitAll-TimeHighs

HYPE is still holding near its all-time highs as the market digests the latest leg of the rally. The token is trading around 81.35, up more than 220 percent year-to-date, and the buyback-and-burn mechanism continues to remove supply. The roughly 1.2 billion dollar token unlock scheduled for today is the immediate event that will decide whether the higher-high structure survives.
On the daily chart price closed at 81.35 after a modest 0.53 percent gain. The 9-period MA sits at 80.55 and the 50-period MA is much lower at 62.62. Bollinger Bands stretch from 46.10 on the downside to 91.90 on the upside, with the middle band near 69.00. Price remains well above every major moving average and is consolidating just below the recent peak. The next visible resistance is the upper band and SRL level at 91.90. Support starts at the 9-period MA near 80.55, then the middle band at 69.00 and the 50-period MA at 62.62.
RSI is at 69.82, still elevated but no longer extreme. MACD remains positive with the histogram expanding, showing that momentum has not yet turned despite the stretch.
The bullish case is a clean hold above 80.55 through the unlock and a subsequent push toward 91.90. If the buyback-and-burn continues to absorb supply and the unlock is digested without heavy selling, the path of least resistance stays higher. In that scenario the entire 80–69 zone becomes the first support band on any pullback.
The bearish case centers on the unlock itself. A failure to hold 80.55 on rising volume would likely send price toward the middle Bollinger Band at 69.00. A break of that level would open the door to the 50-period MA at 62.62. After a 220 percent year-to-date advance, any disappointment around the unlock could trigger a sharper mean-reversion move.
I am treating 80.55 as the immediate pivot and 91.90 as the next upside magnet. Until the unlock is fully absorbed, size stays measured. The deflationary mechanism remains a structural positive, but the chart still has to prove it can handle 1.2 billion dollars of new supply without losing the higher-high structure.
Are you holding through today’s unlock, adding on a reclaim of the recent highs, or already reducing exposure near these levels? Share your plan.
‍#HYPE #TokenUnlock $HYPE