In 2026, HYPE coin attracted attention with the sharp rise it has experienced since March. The price tripled, from $20 to $62 in four months. Thus, HYPE has outperformed Bitcoin and Ethereum since the beginning of the year. The strengthening of institutional demand and the introduction of exchange-traded funds (ETFs) were behind this activity in the market.
ETF inflows prove institutional interest
Two new ETFs played a major role in HYPE’s recent rise. 21Shares’ THYP, which started trading on the New York Stock Exchange, and Bitwise’s BHYP, which was listed on NASDAQ, attracted a total of $74.91 million from investors in eight days. Interest in these ETFs showed that institutional investment appetite for HYPE goes beyond momentary excitement.
During this period, while Bitcoin attracted attention with its negative returns since the beginning of the year, Ethereum and Solana also showed a poor performance against HYPE. Having recorded a return of approximately 118% since the beginning of the year, HYPE has become one of the strong names in the market.
Analysts evaluated, “Each decline was met with rising bottoms, indicating a long-term accumulation process.”
During the corrections in 2025, the price of HYPE remained steadily higher than the previous bottom. This structure was shaped by long-term purchases mostly dominated by institutional investors.
Mini dictionary: ETF (Exchange-traded fund) is a type of fund that tracks a specific group of assets or index, bought and sold on the stock exchange, such as stocks. ETF approval in cryptocurrencies is an important indicator of liquidity and transparency for institutional investors and mainstream market players.
After the sharp 59% pullback in December, the price found a bottom in the $20-22 range, followed by a rapid 614% recovery that lasted up to $129. Today, an important threshold point has been formed for HYPE, which is close to the $60 level.
“Double top” risk emerges at $60 resistance
According to analysis, the $60 level is not a new resistance for HYPE; It is a region with strong selling pressure that has been tested many times in the past. Recently, it seems that the price has difficulty holding on as it approaches this band. For this reason, it is emphasized that technically a “double top” formation may occur and short-term purchases are on a risky basis.
An experienced market analyst warned, “The smart investor buys when fear prevails, while the small investor enters when interest and excitement reach their peak. This difference should not be overlooked.”
Large investors who take positions at $20-22 levels are currently carrying open profits of 3 to 6 times. Therefore, new buyers in this region may face selling pressure from investors in profit.
The ranges followed for technically stronger opportunities are concentrated in the 35-40 dollar band. This region stands out as the point where the previous upward wave broke. On the lower side, if macro conditions weaken, the $20-30 band is watched for those who want to make long-term purchases.
| HYPE Price Period | Support Zone | Resistance Zone | Current Range |
|---|---|---|---|
| 2025 Fall | $20-22 | None | The rise has begun |
| Ascension and Consolidation | $35-40 | $60 | around $60 |
| Potential Withdrawal | $20-30 | $35-40 | Wait |
If the price falls below $20, the validity of the current positive market structure will come into question. In the long term, analysts state that the $150-200 price target is still on the table, but this point can be reached with more cautious progress, not in the short term.
