**HYPEUSDT (Perp) 4H Update – Pressure Building Near Key Support! 🔥**

HYPE is currently trading at **$28.936**, down **3.25%** on the 4H timeframe. Price recently rejected from the **$31.41** high and is now trading below all major moving averages — **MA(7) 29.50**, **MA(25) 29.39**, and **MA(99) 30.51** — signaling short-term bearish control.

The 24H range sits between **$30.09 high** and **$28.86 low**, with strong volume at **119.68M USDT**, showing active participation. Price is hovering just above key support near **28.80–28.50**. A breakdown below this zone could accelerate selling toward lower liquidity levels. However, a reclaim above 29.50 may trigger a relief bounce.

**📌 Trade Setup (Short Bias)**
**EP:** 29.00 – 29.20
**TP1:** 28.40
**TP2:** 27.70
**TP3:** 26.80
**SL:** 30.60

Momentum favors sellers for now. Watch volume closely — volatility expansion could be near. Trade smart and manage risk. 🚀
$HYPE