Good morning, I woke up to see HYPE rise to $41.66, feeling a bit complicated. Last night, I was planning to add to my position around $40, but I hesitated and then went to sleep. Now, looking at the +4.40% increase, I feel a little regretful.

But after thinking carefully, this wave of increase is actually quite interesting. A trading volume of 242 million USDT is pretty good, indicating real money driving the movement. It reached a high of $41.61, almost the closing price for today, which usually means there is strong buying support.
What surprised me a bit is that the Fear & Greed Index is still at 39, clearly in the fear zone, but HYPE is strengthening against the trend. This either indicates it has an independent trend or that we are at an emotional turning point. I remember the last time I saw a similar divergence, it often signaled a potential trend reversal.
BTC’s funding rate is negative, indicating that bears are in control, but HYPE managed to pull off a 4% increase in this environment, showing some resilience. From a technical perspective, the range from $39.9 to $41.61 isn’t large, but I like this steady upward pace much more than sudden spikes and drops—much healthier.
The current question is, is $41.66 considered chasing the high? According to my trading plan, I don’t want to add more above $41. Maybe wait for a pullback; after all, after such a big rise, some digestion is inevitable.