Deep Dive
1. Market-Wide Rebound (Bullish Impact)
Overview: The total crypto market cap rose 4.73% to $2.64T on February 3, 2026, driven by improved sentiment (Fear & Greed Index at 17, up from 15 yesterday). HYPER’s 5.92% gain mirrored this recovery, amplified by its high beta to market moves.
What this means: HYPER benefited from capital rotation into risk assets as traders capitalized on oversold conditions. Its low market cap ($24.4M) magnifies volatility during broad rallies. For instance, HYPER’s 24h volume surged 8.6% to $9.5M, confirming participation.
What to look out for: Sustained market cap growth above $2.65T could extend HYPER’s rally, while a drop below $2.6T may pressure altcoins.
2. Technical Rebound (Mixed Impact)
Overview: HYPER’s 7-day RSI hit 32.8 (near oversold), inviting short-term buyers. However, the MACD histogram (-0.0019) and 30-day EMA ($0.123) suggest resistance near $0.11–$0.12.
What this means: The bounce reflects tactical entries at local lows, but weak momentum indicators imply this isn’t a structural reversal. Traders likely bought the dip after HYPER underperformed the market by 18% over 30 days.
What to look out for: A daily close above $0.116 (7-day EMA) could signal strength, while failure at $0.10 risks retesting support at $0.098.
Conclusion
HYPER’s rise stemmed from macro-driven liquidity, technical dip-buying, and steady developer activity—offsetting weak standalone catalysts. While the rebound lacks conviction in momentum indicators, it highlights HYPER’s sensitivity to market sentiment shifts.
Key watch: Can HYPER hold $0.10 if Bitcoin dominance climbs above 59.5%? Monitor BTC dominance for altcoin risk cues.