Momentum appears to be shifting favorably toward $HYPE as we enter January, particularly following the light airdrop mechanism that fed back into the perpetual DEX ecosystem. The recovery of key technical levels after yesterday's pulloff—attributed to team unlock activities—presents a notably bullish setup. This kind of price action typically signals underlying strength in the market structure. When assets bounce back from negative catalysts like token releases, especially while reclaiming important support zones, it often reflects genuine demand underneath the selling pressure. The timing into the new year, combined with renewed participation from the derivatives platform, suggests potential for momentum acceleration in the near term. Watch how the asset handles these reclaimed levels; sustained positioning above resistance could validate the bullish narrative developing here.