Recently monitoring the HYPE chart, this trend indeed looks promising, and I want to share some observations with everyone.

Overall, HYPE is currently in a consolidation phase, showing no obvious signs of weakness, and the bullish momentum seems to be gradually accumulating. The price repeatedly tests around 26, with a relatively solid support at the 22.2 level, where it has historically stopped falling several times. Meanwhile, 26 has become a recent resistance level, and the price is constantly attempting to break above it.

From a technical perspective, several details are worth noting:
The Bollinger Bands are contracting, which usually indicates an upcoming directional choice, and the probability of an upward breakout is currently higher. The MACD indicator has already turned red and is trending higher, reflecting increasing bullish momentum. The Relative Strength Index (RSI) is at 67, showing some warming but not yet entering the overbought zone, which means there is still room for upward movement.

Trading strategy:
If the price can be confirmed and stabilized around 24.7, consider building long positions in batches, with a stop-loss set below 21.5. The short-term target can be aimed at breaking through 26, with further attention to the 26.5 and above range. If a volume breakout above 26 occurs, you can chase the high with a small position, but risk control is essential.

Risk management should not be taken lightly:
The most critical support is at 22.2. If it is effectively broken, the entire technical pattern will change, and a decisive stop-loss will be necessary. Cryptocurrency markets are inherently volatile, so avoid going all-in; building positions gradually can effectively reduce risk. Also, pay attention to the overall market sentiment and trend, as sometimes the bottleneck of a single coin may stem from macroeconomic pressures.