$HYPE Bullish Consolation
HYPE 4-hour chart for Hyperliquid (HYPE), the asset is currently in a consolidation phase following a significant rally and subsequent correction. The price is hovering around $31.31, showing signs of building a base after finding support.
📊 Technical Context
The recent price action suggests a shift from a steep downtrend to a sideways accumulation pattern.
#hype TRADE SET-UP
ENrty : ( 39.5 ~ 32.6 )
TARGET 🔸 35.1 🔸 38.05 🔸 41.7
#hype Support & Resistance: The chart indicates strong support around the $26.00 level, while the previous local peak at $34.64 serves as the immediate major resistance.
Current Momentum: HYPE has recovered from a low near $21.73 and is now testing the $31.00 psychological level.
On-Chain Sentiment: Market sentiment remains generally bullish, with a high long-to-short ratio of approximately 4.2 among elite accounts as of late January/early February 2026.