$HYPE has taken quite a hit, correcting over 60% from last year's all-time high. However, there's something brewing beneath the surface that suggests a potential turnaround might be in the works.

The price action is worth watching closely. It's recently bounced back to sit right around both the 9-day and 21-day exponential moving averages, which typically act as key support levels. On the momentum front, things are starting to shift. The RSI is climbing higher and working its way back into mid-range territory, signaling renewed buying interest. Meanwhile, the OBV has flattened out, indicating a potential consolidation phase.

Of course, we're still nowhere near confirming a full reversal just yet. But the combination of these technical signals—price holding at these EMAs, improving momentum indicators, and OBV stabilization—does paint a picture worth monitoring for traders looking for entry opportunities.