$HYPE continues to demonstrate stronger price action than most assets across the market. The recovery from the lower demand zone was sharp and decisive, with buyers stepping in aggressively and maintaining control throughout the move. Price has remained above key moving averages, highlighting the strength of the trend and confirming sustained market demand. However, initiating fresh long positions at current levels may not provide the most attractive risk-to-reward opportunity. Price is now testing a major supply and point-of-interest zone where profit-taking activity could increase. After an extended rally, this area often acts as a key decision point, determining whether the market has enough momentum to continue higher. For the bullish trend to remain intact, $HYPE should continue consolidating above recent breakout levels while avoiding a significant retracement below the latest impulsive leg. As long as higher lows remain protected and buyers continue defending support, the broader structure stays bullish. That said, patience near resistance is often more rewarding than chasing price after a strong advance. The next major move will likely depend on how price reacts within this critical supply region. #CFTCOpensBitcoinPerps #HYPEBreaksATHAgain #ICEBacksOKXOilPerps