$HYPE 4H, we are seeing a strong impulse followed by distribution below the 33–35 area. The price is now compressed below a descending trend line and is losing momentum.

The 24.5–26 zone is the key technical area: everything will be decided there. A clean reaction could build a base and give room for a new bullish attempt. A net loss, on the other hand, would completely change the picture.

This is a transition phase, not one of anticipation. The only thing that matters is where the structure is confirmed.#Hyperliquid