HYPE: Huge Bullish Breakout of Descending Triangle-Formation!HyperliquidCRYPTO:HYPEHUSDVincePrinceHello Community, Welcome to my new analysis of HYPE on the daily timeframe. Recently, HYPE massively bounced to the upside, gaining huge bullish traction, as the NYSE owner is planning US perpetual futures on Hyperliquid. This major signal translated into a great bullish bounce. Now, I have identified all the underlying factors necessary to consider next. When looking at my chart, we can see how HYPE is trading within this prolonged ascending channel formation. The most important part of this ascending channel formation is the descending triangle, which HYPE recently confirmed with a massive breakout to the upside. Also, the bounce within the 100-MA additionally supported this breakout. HYPE has now completed this gigantic bullish descending triangle formation and is aiming for higher levels. The breakout has already activated the bullish target areas seen in my chart. With the massive momentum, higher levels will be reached in a short period of time. Especially, with HYPE trading above the 50-MA, it enables the way for higher target areas to be reached. In this manner, thank you a lot for watching! Support is highly appreciated. VP