HYPE Token Soars After Robinhood Listing and $1B S-1 Filing
HYPE token jumped over 13% to trade near $40 after its listing on Robinhood and Hyperliquid’s S-1 filing aiming for a $1 billion public offering. The token broke out of a multi-week falling wedge, climbing above its 200-day EMA and key 9-day EMA at $38. A bullish MACD crossover and rising volume confirm renewed buying interest. Support now sits at $38–$40 on any pullback. Analysts forecast a potential 40% rally to $56.50 or targets as high as $100, citing the upper trendline of previous channels. Bearish invalidation lies below the 200-day EMA, with possible declines to $32 or deeper to $20. Traders should monitor EMA levels closely as catalysts like increased liquidity and market interest from the Robinhood listing and S-1 filing drive momentum.
Bullish
The combined news of the Robinhood listing and a $1 billion S-1 filing has reignited demand for HYPE token. Technical breakouts above the 200-day and 9-day EMAs, supported by a bullish MACD crossover and rising volume, point to strong short-term momentum. Analysts’ targets ranging from $50 to $100 and a projected 40% rally to $56.50 underscore bullish sentiment. While a pullback to $38–$40 or deeper to $32/$20 is possible if EMAs fail, the prevailing catalysts and on-chain interest favor continued upside. Long-term holders may accumulate at key support levels, reinforcing a positive market outlook.