🔥 $HYPE hanging in consolidation phase with a bit of a bearish vibe lately, but I'm not totally writing it off yet. For trading on 1-hour timeframe, I'm leaning cautious long here, but with super tight risk controls because things could flip.

Looking at the volume, I've noticed something interesting: during those pullbacks, the volume's been dropping off (like from 356k down), but then it ramps up big time on the upswings—jumping to 842k in that recent rally. That kinda screams bullish momentum to me, you know? It feels like the buyers are stepping in stronger when it counts.

On the capital side, though, it's mixed signals. We've got a net outflow from contracts at -6.37M over the last 24 hours, which might mean institutions are cashing out a bit. But spot markets are showing +3.25M inflow, so retail folks seem to be piling in. Could be a classic case of everyday traders accumulating while the big players distribute—worth watching.

For entries longs $HYPE : I'd wait for a retest of that 24.0-24.2 support area and only jump in if I see a solid bullish candle confirming it.

Set my stop loss at 23.7 USDT (that's about 3% down from a 24.20 entry)

I'm eyeing $HYPE : 25.5 USDT as a target for around 5.4% upside.

HYPEUSDT

Perp

24.38

-1.94%

Anyone else spotting the same patterns? #hype #hypeusdt #Hyperliquid