HYPE/USDT: Analyzing Major Buying Levels & Current Retracement

Price Action and Trend:

Since late 2024, HYPE/USDT has exhibited a volatile but generally upward-biased trend, particularly from April 2025 onwards. The initial period in late 2024 and early 2025 showed significant volatility with rapid pumps and dumps, characteristic of a nascent or highly speculative asset. A notable downtrend occurred from late February to mid-April 2025, reaching a low around the $12-$13 range. Following this, there's been a strong uptrend, with price breaking out of previous resistance levels and establishing new highs in May and June 2025, peaking near $40-$42. Currently, the price is undergoing a significant retracement from its recent highs.

Major Buying Levels (Yellow Zones):

The yellow zones on the chart clearly delineate significant demand (buying) levels:

Lowest Zone ($14.658 - $16.849): This zone served as a strong accumulation area in late April and early May 2025. Price found substantial support here after the preceding downtrend, indicating a strong influx of buyers. This zone represents a foundational demand level where strong buying interest emerged, leading to the subsequent upward impulse.

Middle Zone ($22.303 - $25.927): After the initial rally from the lowest zone, price consolidated and then retested this middle zone in late May 2025. The swift bounce from this area confirms its role as a significant demand zone, where buyers stepped in to prevent further declines and propel the price higher. This zone likely represents a point where early buyers took profits, and new demand entered, or previous buyers added to their positions.

Highest Zone ($30.596 - $34.316): This most recent yellow zone became active in June 2025. After breaking through earlier resistance, price retraced into this area following its peak. The current price is hovering around the upper boundary of this zone ($34.316), indicating that buyers are attempting to defend this level. This zone signifies a crucial area where previous resistance may have flipped into support, attracting new buying interest. Its ability to hold will be critical for the continuation of the uptrend.
Supply Zones:

While not explicitly highlighted in yellow, several supply zones are evident where selling pressure intensified:

Around $27-$28 (Late 2024/Early 2025): Multiple wicks and rejections around this price range in late 2024 and early 2025 suggest a strong supply area. Price struggled to sustain above this level on several occasions, leading to pullbacks.
Around $30-$31 (Early 2025): Similar to the above, this area acted as resistance, causing price to reverse downwards after attempts to break higher.
The recent peak around $40-$42 (June 2025): This is the most significant recent supply zone. The sharp rejection from this area, marked by the long upper wick and subsequent bearish candles, indicates strong selling pressure at these elevated prices. This suggests profit-taking by earlier buyers and/or new shorting interest.
Current Price Position:

The current price of HYPE/USDT is approximately $34.345, which is at the upper boundary of the highest major buying level (yellow zone: $30.596 - $34.316). This indicates that the price has retraced significantly from its recent peak and is currently testing a crucial demand zone. The reaction at this level will be paramount in determining the immediate future direction.

Potential Future Scenarios:

Bullish Scenario: If the highest yellow zone ($30.596 - $34.316) holds as strong support, and buying pressure re-emerges, HYPE/USDT could consolidate within this zone before attempting another rally towards the recent highs ($40-$42) and potentially breaking above them. A strong bounce from this level would confirm renewed buyer confidence.
Bearish Scenario: If the current demand zone ($30.596 - $34.316) fails to hold, indicating a lack of buying interest at these levels, HYPE/USDT could see further downside. The next potential support levels would then be the middle yellow zone ($22.303 - $25.927). A break below the current zone would signal a shift in market sentiment and potentially the beginning of a deeper correction.
Key Observations:

Clear Demand Zone Effectiveness: The yellow zones have historically served as effective demand zones, leading to significant bounces and upward movements. This reinforces their importance as areas where institutional or significant retail buying has occurred.
Volatility and Wicks: The presence of long wicks (both upper and lower) indicates periods of significant price discovery and battle between buyers and sellers, especially around key levels.
Breakout and Retest Pattern: The price has shown a tendency to break out of resistance, then retest those levels (which often flip to support) before continuing its move, as seen with the middle yellow zone.
Recent Pullback: The current pullback from the highs around $40-$42 suggests profit-taking and the encounter of a strong supply zone. The ability of buyers to absorb this selling pressure at the current demand level will be a key determinant of future price action.
In summary, HYPE/USDT is at a critical juncture, testing a major buying level. The market's reaction to this demand zone will dictate whether the recent bullish momentum can be sustained or if a deeper correction is on the horizon.