$HYPE has been putting together a really strong run on the 4-hour chart, trading right around 69.823 and knocking on the door of its recent high near 69.948. It is a nice shift in structure compared to the choppy consolidation we saw earlier, as buyers have clearly stepped back into the driver's seat.

​Breaking down the key levels:
​Moving Averages: The price has managed to clear all major hurdles. It is currently sitting comfortably above the EMA 7 at 67.610, the EMA 25 at 65.613, and the long-term EMA 99 at 64.835. As long as it holds above this cluster, the broader path of least resistance remains upward.
​Momentum Indicators: While the price action looks great, the indicators are flash-cooling a bit. The RSI(6) is up at 83.141, which puts it well into overbought territory. On top of that, the KDJ indicator is heavily stretched out, with the J line pushing past 109.
​The trend is definitely on the side of the bulls right now, but jumping in after a vertical move like this usually carries a bit of extra risk. A safer play would be waiting to see if it consolidates here or pulls back slightly to retest the EMA supports between 67.60 and 65.60 to see if buyers hold the line before looking for the next leg up. Keep an eye on the volume and protect your capital.