$HYPE showing signs of cooling after the recent strong push. Price is trading around $31.39, down about 4.4%, after rejecting the $33.70 local high on the 4H chart.

The pullback looks like a healthy correction following the sharp rally from the $25.61 lows. Buyers are still trying to defend the $30.70 support zone, which remains the key level for short-term structure.

If price stabilizes here, a rebound toward $33+ resistance could come back into play. However, losing the $30.70 level may open the door for a deeper retrace before the next momentum move.

For now, $30.7 support vs $33.7 resistance defines the battlefield.