HYPE Rebounds: Momentum Shifts Amidst Resistance Near $36

HYPE has rebounded sharply from the $28.8 level after forming a clear double bottom on its RSI chart, signifying momentum exhaustion. Open interest has risen as traders hold long positions despite declining spot trading volume. Key resistance near $36 continues to act as a ceiling for further upside, with bulls seeking a decisive breakout. HYPE’s movement towards the crucial resistance zone follows a well-defined rebound, while derivatives data reveals increasing leverage and a persistent long bias across major exchanges.