HYPE was trading near $57 at the time of writing after moving below the 0.5 Fibonacci retracement level near $57.6, a midpoint that measures the token’s advance from roughly $38 to $77.

The latest pullback has taken the price to the 100-day simple moving average near $56.7. Alongside the psychological $57 level, that area represents the last visible support zone before the deeper 0.618 Fibonacci retracement near $53. HYPE has also fallen below the 50% retracement of its spring move, while a recovery of $57.6 would put the next area near $62 back in focus. A confirmed loss of the current support zone would expose $53. The token does not yet have enough trading history to calculate a valid 200-day moving average, which makes shorter moving averages and recent retracement levels more relevant for current chart analysis.

The 100-Day Average Becomes the Immediate Test

HYPE has already broken below the rising trendline that had supported its move from the June low. It is also trading under the 50-day simple moving average near $64 and has recorded a series of lower recovery highs since approaching $77.

The same support area had come under pressure a day earlier, as ETF demand weakened while HYPE tested the crucial level.

The 100-day average is now the clearest remaining gauge of medium-term support. A brief intraday move below that level would carry less significance than a completed daily candle, especially while the token remains close to the 50% retracement. Traders often give more weight to closing levels than temporary intraday moves because closes show where the market accepted price after the full session.

A daily close back above the current support zone would indicate that buyers are still defending half of the spring rally. Acceptance below the zone would suggest that the correction is moving into a deeper part of the Fibonacci range.

A Recovery Would First Need to Reclaim $57.6

The first sign of stabilization would be a move back above the 0.5 retracement near $57.6.

If HYPE recovers that level, the next resistance area is around $62, which corresponds to the 0.382 Fibonacci retracement. That zone previously acted as support and may now attract sellers seeking to exit during a rebound.

Above $62, the falling 50-day moving average near $64 is the more important barrier. Until HYPE moves back above that average, any advance from current levels would remain a relief bounce within a weakening structure rather than a confirmed trend reversal.

The next major resistance level above the moving average is the 0.236 retracement near $67.8. A reclaim of that area would begin to challenge the sequence of lower highs that has developed since June.

A Daily Close Below the 100-Day Average Would Expose $53

A completed daily candle below the 100-day moving average and the broader $57 shelf would weaken the remaining medium-term support structure.

The next measured level is the 0.618 Fibonacci retracement near $53. A move to that area would mean HYPE had given back more than 60% of its advance from $38 to $77.

Buyers could still try to establish a base near that level, but a weak response would bring the 0.786 retracement near $46.5 back into focus. Reaching that zone would unwind most of the spring rally and return the price much closer to where the move began.

The Daily Close Will Define the Next Setup

The chart is no longer best described as a triangle because the trendlines that formed that structure have already been broken. The cleaner technical framework is now defined by the $56.7–$57.6 decision zone, resistance at $62, and deeper support at $53.

The chart also does not provide a valid 200-day moving average because HYPE lacks sufficient Coinbase trading history. For now, the relevant technical framework consists of the 50-day and 100-day moving averages together with the Fibonacci grid. That limitation matters because longer moving averages are commonly used to separate shorter corrections from broader trend changes, but HYPE’s available chart history does not yet support that comparison on Coinbase.

Disclaimer: This article is for informational purposes only and is not financial advice. Technical levels reflect chart conditions at the time of writing, not price predictions. HYPE is a newer, highly volatile asset. Always do your own research before trading.

Methodology: Price levels are based on the daily HYPE/USD chart on Coinbase via TradingView, captured July 25, 2026.