HYPE currently trading around $25, sitting at a $6B market cap and ranked #31, but the 12-hour chart is flashing warning signs. A bear flag formation has emerged below the $27 level, suggesting potential weakness ahead. If sellers gain control, targets could dip toward $19 or even $17. The short-term momentum is clearly bearish for now. Meanwhile, Grayscale has filed Delaware trusts for HYPE and BNB ETFs, showing institutional interest despite near-term price pressure. For the bulls to regain control, breaking above $27 is critical.