Since $BTC crossed $83,000 $HYPE is trying to make its own move, and looking at the 1-hour time frame on HYPE, you will see that HYPE has pumped a little bit from $76.5 and is trying to cross $80.

The pump is a strong sign that buyers are coming into the market, but I won't say this is enough reason to go long on $HYPE or open spot positions.

For the long term (6 - 12 Months), I am bearish on HYPE