Yesterday afternoon, it was predicted that HYPE's pullback support after breaking the previous high would be at 47.15. Today, this position hit the bottom precisely and immediately rebounded, allowing many people to successfully buy in.

Why target 47.15? The key lies in two points: first, this position has strong support, and second, it is highly likely to resonate with BTC's short-term bottom, making the rebound quite natural under the dual support.

Some people feel that HYPE's market capitalization is too high, but in fact, it is an overly pessimistic valuation of the derivatives unicorn. From a positioning perspective, HYPE's market cap should at least surpass UNI's peak market cap, and there is no need to be overly conservative in valuation. With the current interest rate reduction bull market beginning, this cryptocurrency has considerable room for further growth.