Putting aside other issues, there will be no strong institutions that can lead to an independent market performance during a market downturn.

$HYPE Price stands above EMA7 and EMA25, with a short-term structure strengthening, but under pressure from EMA99 (27.793). Currently, the price is closely touching the upper Bollinger Band (27.334), positioned at the upper edge of a strong range, indicating a short-term need for a pullback.
MACD has formed a golden cross below the zero line, with the momentum bars turning positive, indicating an increase in upward momentum. RSI (66.4) has entered a relatively strong zone but is not extremely overbought. KDJ is neutral, with no divergence signals. The trading volume is moderate during the upward movement, not showing significant expansion, suggesting that the momentum to directly break through the previous high (28.36) may be insufficient.

One can patiently wait for the price to pull back and stabilize in the 26.95-27.1 range to go long.
Stop loss: 26.8
Take profit: 27.8→28.4

If the price refuses to pull back and directly breaks above 27.80 with increased volume, one can wait for a pullback confirmation before entering with a light position, but it is not advisable to chase the price high.
{future}(HYPEUSDT)