HYPE Breaks Out After Robinhood Listing and S-1 Filing: What’s Next?

HYPE the token behind decentralized exchange Hyperliquid saw increased interest after being listed on US trading platform Robinhood and following the S-1 filing by the entity behind ￰0￱ the time of writing the token is priced at around $40

with a 24-hour trading volume of $517 ￰1￱ has gained 3% over the last day and is up 15% in the past ￰2￱ Breaks From Downtrend The recent move marks a clean break above a downward trendline that had acted as resistance for several ￰3￱ failed attempts to break above the line added weight to the breakout when it finally ￰4￱ price now trades above that level with a large green candle confirming the ￰5￱ analyst Batman commented “$HYPE has finally broken out of its short-term bearish trend after months of staying under.” They added “Once something strong gets broken

it often flips and acts as support.” The zone between $39 and $40 is now seen as an area to watch for potential support on any retest.