HYPE has entered a significant breakout phase following its listing on Robinhood, now anticipating a potential 40% price rally by November.

Key Highlights:

• HYPE has surged above vital resistance, aiming for a 40% increase towards $56.50 by November.
• A dip below the 200-day EMA could undermine this bullish outlook, possibly pushing prices back to the $32–$34 range.

HYPE, the token associated with the decentralized exchange Hyperliquid, surged over 13% just a day after its Robinhood listing, peaking at $40.87 on Friday.

HYPE/USDT hourly chart. Source: TradingView

With the breakout confirming a reversal signal, HYPE might experience a further rally towards its target of approximately $56.50, representing a substantial increase from current levels before November.

“Your last line of defense in this bull market is $10, but I seriously doubt we get there.” – Crypto Patel.

This article is not financial advice. All investing involves risks. Readers are encouraged to conduct their own research.