HYPE price rebound puts $60 back within reach

HYPE price rose to $55.60 after defending the $51 support zone, with stronger capital inflows and a descending-channel breakout supporting the recovery. Summary HYPE price rebounded 8.2% from its recent low near $51. 4-hour price action broke above a descending channel and $54.29 Supertrend. The daily chart places initial resistance between $57.28 and $58.14. Liquidation liquidity is concentrated around $56.20–$57.00, creating a potential short-squeeze target. HYPE price rebounds from $51 support According to data from crypto.news, HYPE price traded around $55.60 on Aug. 4 after rising as high as $55.80 during the latest session. The token has gained roughly 8.2% since bouncing from the $51 area, where buyers defended a support zone established during previous market corrections. The rebound followed an extended decline from HYPE’s July highs above $72. On the 4-hour chart, the token had been forming lower highs and lower lows inside a descending channel since mid-July. Hyperliquid price is breaking out of a descending channel on the 4-hour chart — Aug. 4 | Source: crypto.news Buyers pushed the price through the channel’s upper boundary on Aug. 4, signaling that the short-term down...