Can HYPE break through $24.38 to regain strength? The triangle pattern may determine the future trend.

Hyperliquid (HYPE) is currently priced at $24.38, with a 24-hour change of +0.53%. From a technical perspective, this token’s recent performance is worth watching — it is building a key trading pattern.

From Triangle Convergence to Breakout Opportunity

According to the 4-hour chart analysis, HYPE previously formed a clear symmetrical triangle consolidation zone. This convergence pattern typically indicates that a significant volatility move is imminent. Unlike descending triangles which often suggest downside risk, HYPE is forming an ascending triangle characteristic, with bulls continuously strengthening support.

Key Resistance and Trading Opportunities

The $25.48-$25.66 range is an important technical hurdle in the near term. Once HYPE effectively stabilizes above this zone, it will send a strong bullish signal technically. Market participants are waiting for this breakout confirmation — if the price can hold above this level, the next target will be around $29.10.

This target price is approximately 19% above the current $24.38, representing a reasonable upside in the cryptocurrency market.

Trading Risk Warning

It is important to note that not all breakouts will sustain. If HYPE fails to hold above $25.66, it may face downward pressure. Especially when trading volume is insufficient, bullish momentum can weaken significantly, potentially triggering a chain of stop-loss orders.

For traders, the key is to consider entering only after the breakout is confirmed, rather than jumping in too early.