HYPE Stabilizes At $33.66 As Double Bottom Forms, Eyes Resistance At $36.07

HYPE maintained strong support near $33.66, with buyers consistently absorbing sell orders, which stabilized short-term momentum.

The confirmed double bottom pattern signals potential bullish reversal, with the price poised below the resistance zone near $36.07.

The $35–$36.07 zone continues to cap recovery attempts, and a clean breakout above this level is required to validate a broader trend shift.

Hyperliquid (HYPE) continued to trade in a tightly controlled structure with the token holding close to $34.88 after a 1.7% daily increase. The market showed firm interest near the base of the recent pattern, as buyers defended the $33.66 support level throughout the latest pullback. This development kept short-term momentum stable and allowed the market to establish a cleaner structure across the 4H timeframe

Notably, the chart displayed a confirmed double bottom arrangement, which positioned the price beneath a narrow resistance zone near $36.07. This setup formed as HYPE recovered from both lows with increasing strength, while the broader structure continued to reset under the neckline.

Double Bottom Consolidates Below Key Neckline as Resistance Caps ICP’s Recovery

The double bottom gained definition after the second rebound showed sharp volume expansion and tighter candles near the pivot. However, the neckline remained the main barrier holding price below the next range. This barrier limited upside attempts and created a narrow band of consolidation beneath the resistance zone

The market now is on the resistance area between $35.00 and $36.07, where repeated rejections formed earlier. This zone created a consistent ceiling that capped recovery attempts and compressed volatility. However, the structure remained intact because the token maintained higher lows from the base. The proximity to the neckline also increased attention on the short-term trend shift, as traders tracked each retest of the upper boundary.

Short-Term Structure Resets While Momentum Builds

The rising sequence across the 4H chart outlined a strong directional path that pointed toward the neckline. However, the pattern required a clean reclaim above the resistance zone before validating a broader shift. The current positioning kept the token stable, while the price movement stayed well aligned with the double bottom framework and the ongoing momentum recovery across the lower time frame.