Recently, the logic behind the long position layout in HYPE is not really short-term emotional hype, but rather a genuine resonance between technical and capital factors.

Let's first look at the technical aspect. After the price stabilized at 23.720, a steady rebound trend has formed within the short-term cycle. Each pullback has not broken the key support level, which is a healthy trend continuation. The MACD has already experienced a golden cross, with the red histogram continuing to release momentum. The RSI has also moved out of the oversold zone. These signals indicate that the bulls are systematically accumulating strength, not a sudden spike followed by a drop—a pulse-like rebound.

The performance of capital flow is even more convincing. The 24-hour trading volume surged by 74%, indicating that new capital is entering the market—this is no coincidence. Additionally, the continuous accumulation of long positions by whales shows that institutional funds are very confident at the current price levels. The open interest has also increased, and leveraged funds are following suit in their layout. The overall market sentiment is gradually shifting from cautious observation to bullish.

For trading, at the current price of 24.67, you can enter a small long position. Place your stop-loss at 24.0—if it is genuinely broken, it means the rebound logic has failed, and you should exit quickly. In the short term, watch the resistance at 25.5. If it breaks through, the next target becomes 26. Once it surpasses that, the space to extend towards 28 opens up.