HYPE rockets 11% as Bitcoin climbs – but what happens if 40 USD fails again?

HYPE jumped 11% to 39 USD recently, nearing its all-time peak. This is the second time this month it attempts to surpass the 40 USD resistance.

Bitcoin’s recent 4% rise marked its longest green candle in a month, with an 11.90% increase in Open Interest, indicating a resilient market structure.

The price movement of HYPE is heavily dependent on Bitcoin’s performance, especially if it can maintain levels above 109,000 USD.