HYPE traded around $66.35 in the latest session, up roughly 6% over 24 hours, while price action stayed close to resistance near $67. Buyers continued to support dips, keeping the recent rally intact instead of allowing a sharp reversal.
Chart structure remained constructive. HYPE continued to move inside a clear ascending channel, with higher highs and higher lows still in place. During the advance, price also held above a rising 9-period EMA, which kept acting as dynamic support whenever pullbacks appeared.
Channel resistance stays in focus as support continues to hold
Short-term attention has shifted to whether HYPE can confirm a move above the upper boundary of the channel. Earlier tests of that area led to temporary pullbacks, but the broader pattern remained intact as long as channel support stayed firm. The latest push higher started from the $62 area, then quickly carried price above $65 and toward $67.
The follow-through after that move has also mattered. Instead of heavy selling, HYPE moved into consolidation and built support between roughly $64.50 and $66.00. Buyers repeatedly stepped in during weaker moments, helping preserve the current bullish structure.
Volume climbs more than 35% as turnover reaches $1.37 billion
Trading activity expanded alongside the price move. Observed volume rose by more than 35%, while daily turnover across exchanges reached about $1.37 billion. Rising price together with stronger volume usually points to broader participation, especially near a closely watched resistance zone.
U.S. spot HYPE ETFs record inflows every day in first 11 sessions
ETF data added another support point for the market. U.S. spot HYPE ETFs posted cumulative inflows of $100.48 million over their first 11 trading days, covering activity from May 12 to May 28. There were no outflow days during that span. Each session ended with positive net inflows.
Demand accelerated after the first week. The largest single-day addition came on May 20, when inflows reached $25.46 million. Another strong session on May 26 added $20.45 million. The cumulative inflow curve kept rising through the launch period, and demand did not fade after the biggest intake days, leaving ETF participation as a clear supporting factor for HYPE's broader price trend.