HYPE is attempting to reclaim 53.0–53.6 after defending 51.1–52.0. Confirmed 4H acceptance above 53.6 keeps 55.7 in play. Failure back below the reclaim zone returns focus to demand.

A 4H close below 51.1 invalidates the bounce map and opens 49.0. The broader daily structure remains weak, so this is a scenario map—not a bullish prediction.

At publication, Bybit perpetual funding is near neutral at 0.01%, while 24h open interest is broadly flat. Derivatives do not show clear long crowding.

Maps, not predictions.