HYPE Price Jumps 8% as Open Interest Hits $1.61B — Is $50 Next?

HYPE price rebounds as chart structure confirms a completed reversal pattern.
Rising Open Interest signals expanding participation during the recovery phase.
Technical structure supports a stronger long-term HYPE price prediction outlook.

HYPE price surged over 8% in the past 24 hours as the price action shifts into a cleaner structure. The chart shows a distinct response by one of the key support areas that influenced the recent market behavior.

The market took a rounded base where buyers intervened to provide the larger picture with a constructive tilt. This change is following a period of volatility compression that has been in a long-term downward trend.