$HYPE is trading at $28.117 after a -3.77 percent pullback, settling between the 24h high of $29.985 and the 24h low of $26.862. Strong volume at 18.02M HYPE shows active market interest despite the drop.

On the 1 hour chart, the price is moving below major moving averages: MA7 at $27.650, MA25 at $28.290, and MA99 at $28.900. The rejection from $30.842 led to a downside move toward $26.862, but a short-term bounce is forming.

Target 1: $28.400

Target 2: $28.900

Target 3: $29.500

Downside support remains at $26.862.