The recent trend of HYPE is quite interesting. Today it closed at $37.63, up 5.7%. Honestly, in a market where sentiment is extremely panicked (fear and greed index only at 13), such performance is quite rare.

This morning, I saw it start to rally from a low of $35.47, reaching as high as $37.7. I was planning to reduce some positions around $37, but I hesitated and missed the best entry point. Looking back now, it might have been the right decision, since it still managed to stay above $37.6 at the close.
Today’s trading volume hit 170 million USDT, much more active than a few days ago. This 6.29% fluctuation is also normal; HYPE is not exactly a calm coin to begin with. Amid overall market panic, it’s still able to rise against the trend—either there’s some positive news I haven’t noticed, or it’s a technical rebound.
Currently, BTC’s funding rate remains neutral, with no clear bullish or bearish bias. But HYPE’s performance reminds me of a few bottom rebounds last year. Still, we shouldn’t get too optimistic; the macro environment is still there, and extreme panic won’t turn around in just a day or two.
Let’s see if it can hold above 38 tomorrow. If it can, there might still be room for further upward movement. For now, stay cautious but optimistic.