🚀 Let's take a look at $HYPE . The asset has approached a very important zone.
After a prolonged decline, the market didn't just bounce. It returned to the 0.618 Fib level and the $31.5 to $31.6 area where key resistance sits.
This is no longer some random local pump. It's a full test of the level. The reaction here will determine whether the current rally stays just a correction or starts turning into a stronger bullish scenario.
What I like about the structure: price broke out of the pressure, held above the EMA 21, and didn't return to the lows. The Bollinger Bands are showing volatility expansion after the squeeze, and RSI is holding in a neutral-positive zone without overheating. So momentum is there, but it doesn't look overbought yet.
Without a solid close above $31.58, this move can still be seen as a retest of resistance inside a larger downtrend structure.
