Bitwise ETF Filing Sparks HYPE Rally Potential Amid Market Correction

Bitwise Asset Management is reportedly filing applications for 11 cryptocurrency exchange-traded funds. This indicates that traditional financial institutions are expressing confidence in digital assets. Bitwise Asset Management is one of the most aggressive asset manager groups that are pushing the development of more cryptocurrency exchange-traded products in the United States during this strategic period.

Among these proposed ETFs, HYPE is a significant addition, as it is known to be increasingly relevant outside of retail speculation. The inclusion of HYPE in Bitwise’s proposed list of ETFs indicates increased liquidity, growth, and institutional interest in HYPE. The HYPE ETF is set to provide global investors with access to HYPE via approved investment instruments.

Also Read: HYPE 2026 Price Check: Consolidation or Breakout Ahead?

HYPE Bulls Position for Major Move Toward $36 

However, the crypto analyst, TraderSZ, highlighted that HYPE is poised to execute an aggressive move towards $36.189 very soon. There have been accumulation and buying efforts in the past couple of weeks, and the higher lows are hinting at a strong breakout. $36.19 is a major target that would trigger more aggressive moves.

Source: X

But for the promise that HYPE holds, it is still prone to the volatility that has come to define the crypto market. Analysis of on-chain and community interactions indicates that the trader community is waiting for breakout signals while at the same time applying stop-loss strategies. Reaching $36.189 may indicate a rekindled sense of bullish optimism and the beginning of an upward movement for HYPE.

HYPE Pulls Back as Key Resistance Holds

HYPE is currently trading around $25.9 on the weekly chart, which completes a strong upward move that started early in 2025 and peaked in the vicinity of $45 to $50. Following the upward move, the current correction has been creating lower highs and lower lows. The $20s are currently playing a crucial role as a support area.

Source: TradingView

Technically, the price is below the moving averages, with an SMA-20 of around $39 and SMA-50 of $32.8, acting as a strong resistance level. The reading of the Relative Strength Index is close to 39, a non-oversold area, while a bearish MACD indicator suggests a strong pullback on price.

Also Read: Hyperliquid Faces Critical Pressure as Token Unlock Risks $20 Breakdown