hyper

Hyperliquid saw a strong move over the last day. The price climbed by a little more than five percent. Trading activity also rose fast. This happened while Bitcoin stayed calm just under the ninety thousand level. Most other coins did not move much. Many were still weak after the past week. Because of this the HYPE bounce stood out.

The wider market has been slow. Bitcoin moved in a tight zone for days. When Bitcoin pauses many altcoins struggle to rise. The total value of smaller coins also stayed flat. Against this background HYPE gains caught trader attention. Some asked if this move could be the start of a new trend.

When looking at the chart the answer is not clear. On the four hour view HYPE dropped hard last week. Price fell from above twenty six to near twenty. That fall broke the prior structure. It showed sellers were in control. This means buyers should still be careful.

Looking further back gives the same message. The longer view since October shows a steady downward path. Lower highs and lower lows are still in place. Because of this the main trend remains negative. The recent rise looks more like a bounce than a full change.

Short term signals do show some relief. Momentum tools point to selling pressure slowing down. The last down move lost strength. This often happens before a pause or a small recovery. Price also moved toward key levels where bounces often occur. These areas sit near twenty four and twenty five.

Still a true shift needs more. Price would need to break and hold above the old high near twenty six. Without that the trend stays weak. Until then every rise can face selling.

There is also a clear risk for buyers. The mid level retrace near twenty three could block further gains. In past weeks the market showed a pattern. Quiet weekends often lead to sharp moves early in the week. These moves can go either way. If the wider market turns unstable HYPE could be pulled lower again.

For traders who look to sell the bounce timing matters. Data that tracks forced trades shows where pressure may appear. There is a large group of short positions sitting above current price. Many are clustered near the mid twenty four area. Another group sits closer to the upper twenty six zone.

Price often moves toward these areas first. It hunts liquidity before choosing direction. There is also a target below near twenty two where price may seek balance again. Because of this traders may wait for price to reach these zones before acting.

If price rises into these levels and then shows weakness it would match the larger downtrend. That would give sellers a clearer setup. Selling too early could miss this move.

The main point is simple. The recent jump shows strength compared to a quiet market. It does not yet prove a full reversal. The bigger trend still points down. Short term tools show relief but not a full shift.

Traders should stay patient. Watching how price behaves near key levels matters more than the bounce itself. Until the larger structure changes caution remains the better choice.
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