Just been watching HYPE and something interesting is happening here. Price bounced hard from that $22 level and actually broke through some major bearish structure that had been holding for months. We're seeing a legit break of structure forming, which is the kind of thing you want to see before calling a bottom.

What caught my attention is that after all those lower lows and lower highs, we finally got an impulsive move up from $22 that established a new local high. That's a pretty significant structural shift. The thing is, we're now consolidating around the point of control, and price has pulled back a bit—probably testing whether buyers are serious about defending these higher levels. For this break of structure to stick and turn into a real trend, we need to see a higher low hold above $22 and volume staying strong. If that happens, we could be looking at a push toward the value area high and eventually that $58 resistance zone.

The wildcard here is volume. If it dries up during this consolidation, the rally could just be a corrective bounce and we'd be back to range-bound action. But if demand keeps showing up and we establish that higher low, then yeah, macro bottom is probably forming. Just need to see how the market behaves over the next few sessions to confirm the structure break is legit.