- HYPE jumped nearly 5x since April and reached a new ATH before retracing by around 19 percent recently.
- The price failed to stay above the VWAP outer band and now hovers near key resistance near the $38 mark.
- VWAP support at $27 may attract new buying interest based on recent trading activity and chart structure.
HYPE, a leading altcoin, has posted a near 5x surge since its April lows, reaching significant price milestones in recent months. The move comes after a major shakeout, positioning the asset as the first to achieve new all-time highs this year. Currently, HYPE trades 19% below its recent peak, facing visible resistance along the outer VWAP band.
Source:
X
Chart data shared on June 28, 2025, highlights the coin’s reaction to key anchored VWAP bands. Each time price tapped the mid-band (red), it acted as a reliable support level. Now with price failing to break the upper VWAP band, attention turns to the next likely support zone near $27.
Could the current correction deliver the next entry opportunity if VWAP structure maintains its historical pattern?
Strong Rally Followed by Softening Momentum
Since its April bottom, HYPE has gained nearly 400%, becoming the top-performing large-cap digital asset over that period. The coin not only bounced but also pushed through its prior highs, setting a new ATH this year.
The 4-hour chart shows multiple confirmation points where price tapped the anchored VWAP middle band and resumed its upward move. Each of these taps was followed by a swift rally, indicating bullish responses from traders and automated systems.
However, the price has now retraced by about 19% from its peak. The outer VWAP band has begun acting as overhead resistance, with buyers unable to break past it. This marks a shift in behavior compared to earlier movements that breached resistance easily.
VWAP Anchoring Signals the Next Likely Bid Zone
HYPE’s anchored VWAP structure is offering clear indications of where market participants may look to re-enter. The red VWAP band acted as support in several retracements over recent months.
The failure of the outer band to hold signals exhaustion near the highs. As shown on the chart, the next expected support lies around $27, just above the quarterly VWAP. This zone also aligns with previous structural supports.
Traders are watching this zone closely. The potential for a bounce from the $27 area matches prior recovery points, where demand returned strongly. If price revisits this level, historical structure suggests a probable reaccumulation.
This scenario could unfold if current weakness continues and HYPE pulls back to test lower bands. Market behavior shows strong respect for the VWAP structure, suggesting consistent institutional anchoring.
Resistance Rejection Meets Structural Support
As of now, price is consolidating just below $38, with sellers rejecting multiple attempts to reclaim the VWAP outer band. Chart annotations confirm the coin is treating that band as resistance.
The anchored middle band continues to guide short-term direction, offering traders a reliable reference point. Multiple red-circled zones in the chart confirm how price previously used the VWAP as springboards.
Should the current resistance persist, the price may test the midrange before dropping further. A return to the $27 mark would complete the expected structure as laid out on the visual.
