HYPE is still stuck in a consolidation range with a slightly bearish tilt lately, but Iโm not counting it out just yet. On the 1-hour timeframe, Iโm leaning toward a cautious long, with very tight risk management since momentum could flip quickly.
Whatโs catching my attention is volume behavior. During pullbacks, volume has been steadily declining (around 356k), while rallies are seeing a sharp expansion in volumeโmost recently spiking to about 842k. That divergence suggests buyers are stepping in aggressively when price moves higher, which leans bullish from a momentum standpoint.
Capital flows, however, are sending mixed signals. Over the last 24 hours, thereโs been a net contracts outflow of โ6.37M, which could point to some institutional profit-taking or de-risking. At the same time, spot inflows are up +3.25M, indicating retail participation and accumulation. This looks like a potential scenario where larger players distribute while spot buyers absorbโdefinitely something to monitor closely.
Long setup idea ($HYPE):
Wait for a pullback into the 24.0โ24.2 support zone
Enter only after a clear bullish confirmation candle
Stop loss: 23.7 USDT (~3% risk from a 24.20 entry)
Target: 25.5 USDT (~5.4% upside)
Current price:
HYPEUSDT Perp โ 24.39 (-1.7%)
Anyone else seeing the same structure and volume dynamics here?
#HYPE #HYPEUSDT
#Hyperliquid $HYPE