The highly liquid price surge stalls near $35—Can a new all-time high be reached in February?

According to CoinWorld, after a surge of over 40%, the price of the HYPE token has experienced a pullback and is currently facing resistance between $34.85 and $35.84. Nevertheless, its upward momentum remains strong, with trading volume approaching 1 billion dollars. Analysts believe the current phase is a cooling-off period, with $30 forming a strong support level. Technical indicators, including the Chaikin Money Flow (CMF), show that the HYPE token still has upside potential. Its price is expected to challenge the $35.5 resistance level, with a target price of $42, and it is likely to break through the historical high of $80.