Current chart analysis reveals that the current price structure of HYPE and its correction phase closely resemble BNB's bull run in 2018.
A recent analysis on X, formerly Twitter, has pointed out a striking fractal similarity between Binance Coin’s (BNB) bull run in 2018 and the current price structure of Hype (HYPE).
Both assets have displayed an interesting pattern. Commencing at a higher timeframe, both BNB in 2018 and HYPE in 2025 have been enchained in an ascending wedge. This wedge was followed by a sharp decline that took both assets into a key accumulation zone.
In the case of BNB, this zone was just above the 50-week moving average, where a bullish MACD crossover eventually triggered a massive surge, propelling BNB’s price by more than 470%.
Now, HYPE seems to be unfolding the same narrative. It broke down from a similar ascending wedge and tested its support range at $12 to $16. This is the same range from which BNB initiated its reversal.
Currently, HYPE trades slightly above this range, at $16, and like BNB back then, it is approaching its 50-day moving average (at $20), which could act as a major trigger point for bullish momentum.
If the fractal continues to play out, HYPE could be on the verge of a significant breakthrough to the upside. Once price action clearly surpasses the 50-day moving average, it could trigger a parabolic move towards the $30 to $45 range, further echoing BNB’s meteoric rise post-reversal.
However, in the short term, on the 1 and 3-hour charts, a divergence in the RSI can be observed, which could lead to a retracement to $14.5. It also forms a bullish channel, with $14.5 marking the channel’s lower boundary.
Momentum indicators and market sentiment seem to be aligning for a strong move in the coming months. Of course, nothing is guaranteed, but fractals like this often play a crucial role in forecasting major movements, especially when combined with key technical indicators.
For now, as long as the key resistance at $26 remains unbroken, the medium to long-term trend remains bearish. On the other hand, in the short term, a break above $17 should take HYPE towards the range between $26 and $22. This represents a rise of 39 to 60%.
