HYPE's recent correction is quite interesting. It’s holding at $35.59, down only 0.75% in 24 hours, but market sentiment is already extremely fearful (Fear & Greed Index is only 12)😂.

Yesterday, it was hovering around $36.49, now it’s fluctuating between $35.2 and $36.49. The $113 million trading volume indicates that funds are still on the sidelines. At this point, it’s either a shakeout or waiting for a bigger narrative.
Interestingly, BTC funding rate is only 0.0019%, which is quite neutral, indicating no excessive leverage on the futures side. When the market is in extreme fear, it’s often smart money accumulating.
As an emerging social trading concept, this kind of pullback is actually quite healthy for HYPE. The rapid rise earlier needed consolidation, and now around $35 could be a good support level.
Looking at on-chain data, large addresses are still increasing their holdings, while retail investors are panic selling. A classic smart money vs retail game. Such divergence often signals opportunity.
Of course, the crypto market changes quickly, always do your own research. But at this level, HYPE does look pretty attractive👀