#HYPE is currently one of the strongest performing stocks among the top 15-20 by market capitalization, exhibiting a very resilient trend and avoiding the sharp sell-offs seen in other stocks. The price is currently retracing to a key supply zone from the previous downtrend. Normally, a pullback here would be a bearish signal. However, the issue is its exceptional strength. If it can break through the recent high with significant volume, it could very well trigger the next bull market. The target price is based on the extended range of the previous cycle, $27.41-$34.84, which translates to a potential target around $44. Overall, my outlook for the broader market remains bearish. If I missed the rebound around $23, regardless of the seemingly high probability of success, I would not choose to go long at the current level.