HYPE's recent trend is quite interesting. After experiencing a decline, the price has recently formed a range-bound consolidation, with the $22.3 level facing obvious resistance. In the short term, the outlook is not very optimistic.

From a technical perspective, the upward momentum is still insufficient. Once it hits the support, it is highly likely to continue testing downward. The bears are gathering strength and seem ready to continue their push.

If you hold a position, you can set your stop-loss at the upper boundary of $22.5, and the target should focus on the previous low of $20.3. In the short term, the bears still hold the advantage, and this market requires patience and careful observation.