The recent performance of HYPE is indeed worth following. The latest on-chain data shows that Large Investors are quietly exiting, and market tracking heat is clearly declining. This situation is common in the crypto world—when smart money starts to retreat, retail investors are just beginning to enter.

Market sentiment is extremely divided. In the long-short comparison of a leading exchange, 89% are bullish, while another platform has 73% bearish. This huge divergence itself indicates a problem—everyone has their own opinions, and no one can convince anyone else.

The pressure from the technical side is evident. The price is firmly suppressed by this key moving average at 24.78, and repeated attempts to break through have been unsuccessful. From the daily chart, this moving average acts like an invisible ceiling, trapping the price in a "box."

The logic is clear: the main players have exited, while retail investors are still debating the direction. At such times, market movements often have a traceable pattern. Judging from the technical patterns and the funds, short-term pressure still exists.

The strategy is as follows: if the rebound approaches the resistance level near 24.78, you might consider placing a short position there. The first target is aimed at 23.5, and if this support is broken, it may continue to probe towards the 22 position.

The key is not to follow the trend. When the voices of most retail investors are the loudest, it is often the time when reverse indicators are the most valuable. Data, logic, and technical analysis combined are more reliable than any emotional judgment.