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HYPE's recent trend is quite interesting. After rebounding from the low of 21.029, it has now stabilized above the short-term moving averages, with a 24-hour increase of 2.83%. It looks like the short-term bullish momentum has returned.
From a technical perspective, HYPE has broken through MA5 (25.387) and MA10 (24.990), both of which are providing support below. More importantly, the previous low at 21.029 is a strong support level, with plenty of buy orders waiting below.
The market is also quite active—24-hour trading volume remains high at 86,84.49 million USDT, indicating strong market participation.
If you want to go long now, here’s a suggested approach:
✓ Entry zone: 25.00-25.70
✓ Stop loss: 24.50 (exit if it breaks this key support level)
✓ First target: 26.80
✓ Second target: 27.50
Overall, the short-term bullish momentum is recovering, but strict stop-loss enforcement is essential. Risk management should always come first.