$HYPE is showing strong momentum after breaking higher to $62.33, up approximately 6% on the day. Looking at the lower timeframes, RSI has moved into overbought territory, which often signals that the move has become extended in the short term. Despite this, the overall structure remains bullish as long as price holds above the recent breakout area. I’m currently watching the $60.50 – $61.00 zone as the first key support region. A healthy pullback into this area could offer a better risk-to-reward entry for those looking to join the trend. On the upside, $63.00 and above remains the next resistance area to monitor. My bias stays constructive, but I’m not interested in chasing the current price. Prefer waiting for a retest or consolidation before considering new positions. As always, risk management is essential — overbought conditions can lead to sharp and sudden corrections.