$HYPE is still drifting under all major moving averages on the 4H, and the structure hasn’t flipped yet. The bounce from 26.86 is the first reaction after a steady sell-off, but until price reclaims the 28.40–28.90 MA cluster, momentum stays weak. I’m watching how this 27.4 zone behaves because losing it opens a clean path back toward the lower range.

For now, the market is giving lower highs, lower lows, and no real trend shift. If buyers want to step in, they need a strong close above 28+ with rising volume. Until then, this is still a pressure-heavy chart.