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HYPE, after a prolonged upward movement, shows a volume and price behavior of increased volume pushing higher and then pulling back on the daily chart. This behavior indicates the main force is distributing, and retail investors are taking high positions, signaling a cautious pullback; on the current 1-hour chart, a double top pattern has formed, and it is likely to grind at the top for a period. If the price again approaches the red line, a downward move can be anticipated.
The above content only represents personal opinions and does not constitute any investment advice. The market carries risks, and investments should be made cautiously.