So far, $HYPE is printing what looks like a 3-wave bounce typical of a Wave 4 corrective move, not a confirmed bottom.
Key level to watch: A clean break and hold above $26.85 is needed to confirm a short-term low.
HYPEUSDT
Perp
22.49
-3.51%
But let’s be very clear: A real trend reversal doesn’t happen on hope.
What we still need is a full 5-wave impulsive structure to the upside.
Until that shows up, this move is more likely:
• a technical rebound
• short covering
• or liquidity relief not a new bull trend
📊 Translation:
Bounce ≠ reversal.
Structure > price.
Stay patient. Stay selective.
I’ll update when the structure changes.
Follow for real-time market structure insights.
#hype #MarketRebound #TrendingTopic
