The cryptocurrency HYPE experienced a significant surge, rising over 17% in the past 24 hours. This surge pushed the altcoin's price above a crucial resistance level and confirmed a trend shift, indicating the possibility of continued rallies. Demand for HYPE has also increased, as indicated by the Chaikin Money Flow indicator. Additionally, the altcoin's price is above the Supertrend indicator's green line, suggesting a bullish bias. The Moving Average Convergence Divergence and Relative Strength Index also indicate an optimistic bias. If HYPE can break through the resistance at $27.50, it may reach levels above $30 and even potentially achieve its all-time high at $35. However, profit booking could lead to a decline in price, with potential support levels at $23.12 and $18.50.



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