Hyperliquid
Watch Hyperliquid Surge 18% to $46 Key Resistance LevelHello,✌
let’s dive into a full analysis of the upcoming price potential for Hyperliquid 🔍📈.
KUCOIN:HYPEUSDT is trading within a reliable daily ascending channel and is currently near its lower boundary, where a strong daily support zone has formed. This setup suggests a potential upside of at least 18%, with a target around $46 , which aligns closely with a key trendline. 📈
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HYPE — How to Combine Fibonacci, VWAP and Market StructureAfter an explosive +392% rally in just 70 days — from $9.298 to a peak of $45.8 — HYPE has entered a consolidation range as expected. Structurally, this appears to be a 5-wave impulse now transitioning into a corrective ABC pattern. Based on current structure, we may now be forming wave B.
What’s Unfolding Now?
A potential Head & Shoulders pattern is developing, with price currently working on the right shoulder. The $40 mark stands out as a key resistance — both technically and psychologically:
0.618 Fibonacci retracement of the down move sits at $40.108
Structural resistance from prior highs
Ideal area for a short rejection
🎯 Short Setup:
Entry: Laddered short between 0.618 ($40.108) and 0.786 ($42.611)
Stop-Loss: Above $44 (after rejection adjust to entry)
Target: $28–$27 zone
R:R potential: 1:3 up to 1:9 depending on entry quality
📍 Why $28–$27 Is Key Support:
0.5 Fibonacci retracement of entire +392% rally sits at $27.549
Anchored VWAP from the rally origin ($9.298) aligns around this zone
Weekly & Monthly S/R convergence
VAH (Value Area High)
0.618 Fibonacci Speed Fan also aligns as dynamic support
Fair Value Gap (FVG) lies in this region
Weekly 21 EMA at $28.05/Weekly 21 SMA at $24.10 — both key moving averages providing layered support and trend structure
📐 Bonus Confluence Insight:
If this is indeed wave B, then projecting a 0.786/1.0 Trend-Based Fib Extension from wave A aligns well with the 0.5 fib retracement at $27.5.
📚 Educational Insight:
Stacking confluences such as Fibonacci retracements, anchored VWAPs, volume zones, EMA/SMA levels, and harmonic structures helps identify high-probability zones where smart money is likely to act. These levels become even more powerful when they align across multiple tools and timeframes. Always confirm with price action.
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HYPE/USDT Ready for a Breakout? Watch These Key LevelsAnalysis Description:
The HYPE/USDT pair is currently forming a descending triangle pattern on the 1D timeframe — a classic technical setup that often signals a strong upcoming price move, either upward or downward.
🔶 Strong Support Block:
The yellow horizontal zone between 33.500 – 36.785 USDT represents a solid support area where price has repeatedly bounced with strong volume. This zone is ideal for monitoring buy-back opportunities if price pulls back.
📉 Descending Resistance Line:
A descending trendline has been acting as dynamic resistance. A breakout above this line could trigger a significant bullish continuation.
🎯 Upside Targets (If Breakout Occurs):
Target 1: 38.800 USDT (minor resistance)
Target 2: 42.068 USDT (mid-range target)
Target 3: 45.800 USDT (major resistance / previous high)
📌 Trading Strategy:
Conservative Entry: Buy on support re-test within the 33.500 – 36.785 USDT zone.
Aggressive Entry: Buy after a confirmed daily breakout above the descending trendline.
Stop Loss: Below the support block, around 33.000 USDT.
💡 Additional Note:
Watch for increased volume during the breakout — this would validate the move and confirm strong momentum. If the breakout fails, expect further sideways consolidation within the current range.
#HYPE #HYPEUSDT #AltcoinBreakout #CryptoChart #TechnicalAnalysis #CryptoTrading #DescendingTriangle #BullishSetup #CryptoCommunity
Hyperliquid Surged 12% Today Gearing For Another Leg-upThe price of Hyperliquid surged 12% today amidst the general crypto market dip. According to data from Lookonchain monitoring, about 2 hours ago, a whale deposited 6 million CRYPTOCAP:USDC into Hyperliquid and went long on CRYPTOCAP:ETH at a price of $1,624.44 with a 5x leverage.
This data signifies a growing interest in the Hyper liquid Dex. Similarly, data from Defilama shows about $277.3 million locked in Total Value Locked (TVL) in the Hyperliquid ecosystem and this is for a project that is just 5 months from token lunch.
With the Resistant and support point already marked, should GETTEX:HYPE coin break above the $17 resistant zone, the $20 pivot will be feasible. However, failure to break above the resistant point could resort to a selling spree to the $9 support resorting to the break below the Moving averages respectively as that is the only nearest possible support point for $HYPE.
What is Hyperliquid?
Hyperliquid represents a cutting-edge blockchain platform, specifically designed to enhance the efficiency and performance of decentralized finance (DeFi) applications. At its core, Hyperliquid introduces a novel Layer 1 (L1) blockchain that is meticulously engineered from the ground up to optimize performance and scalability.
Hyperliquid Price Data
The Hyperliquid price today is $15.97 USD with a 24-hour trading volume of $141,575,547 USD. Hyperliquid is up 1.87% in the last 24 hours. The current CoinMarketCap ranking is #23, with a live market cap of $5,333,694,243 USD. It has a circulating supply of 333,928,180 HYPE coins and a max. supply of 1,000,000,000 HYPE coins.
Hype's path to $55BYBIT:HYPEUSDT.P is currently forming a wedge shape pattern, is it indicating that it will break out and follow Path A, the blue path? I'm not so sure, I am sure we'll hit $55 either way.
If we take the red path, Path B, we'll come down to some heaviy support which could give us the fuel needed to get to $55
Out of all of the oscillators I was using, all except the chop zone on the daily mind you, were in bearish mode. So logically one would choose the red Path B right?
I can't wait to see how this plays out, shall we dip some and buy some more BYBIT:HYPEUSDT.P on Path B or experience more of a continuation of the current trendline to $55?
Let me know what you think in the comments, that'ls all for today, let's go HYPE!!! straight to $55!
HYPE’s Triangle Is Tightening! Get Ready for What’s NextYello, Paradisers! Are you watching what #HYPE is doing while the rest of the market barely holds on? We've been talking about this for a while, some altcoins are setting up for their next big move, and HYPE just might be leading the pack.
💎While the broader crypto market remains in a corrective or consolidative phase, HYPE has quietly maintained strength, pushing above a critical support/resistance zone and now forming a converging triangle pattern, a classic setup for explosive movement.
💎#HYPEUSDT is in a sideways consolidation phase. Price action is calm on the surface, but what’s actually unfolding is a textbook build-up. The next move could be a retest of the EMA-50, which sits near the 31.480 level. That zone also aligns with a moderate support area, making it a solid demand zone for bulls to reload and re-accumulate.
💎Even if HYPE slides lower into the 30.00 to 28.00 strong support region, it wouldn’t damage the structure. In fact, such a move would shake out late longs and weak hands, further strengthening the overall foundation. A drop into that zone should not be seen as failure, but rather as a potential springboard for the next impulsive wave.
💎The key to watch remains the descending resistance at the 37.20 level. Once this is broken with volume and conviction, the price is likely to push toward 40.05—a moderate resistance. But don’t get it twisted. That’s not where the bulls are aiming to stop. The structure, momentum, and higher-timeframe alignment all suggest this isn’t the final destination. Bulls are likely targeting the $47–$50 range, an area that isn’t just technical, it’s psychological mark as well.
Paradisers, strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
MyCryptoParadise
iFeel the success🌴
HYPE/USDT: Analyzing Major Buying Levels & Current RetracementPrice Action and Trend:
Since late 2024, HYPE/USDT has exhibited a volatile but generally upward-biased trend, particularly from April 2025 onwards. The initial period in late 2024 and early 2025 showed significant volatility with rapid pumps and dumps, characteristic of a nascent or highly speculative asset. A notable downtrend occurred from late February to mid-April 2025, reaching a low around the $12-$13 range. Following this, there's been a strong uptrend, with price breaking out of previous resistance levels and establishing new highs in May and June 2025, peaking near $40-$42. Currently, the price is undergoing a significant retracement from its recent highs.
Major Buying Levels (Yellow Zones):
The yellow zones on the chart clearly delineate significant demand (buying) levels:
Lowest Zone ($14.658 - $16.849) : This zone served as a strong accumulation area in late April and early May 2025. Price found substantial support here after the preceding downtrend, indicating a strong influx of buyers. This zone represents a foundational demand level where strong buying interest emerged, leading to the subsequent upward impulse.
Middle Zone ($22.303 - $25.927) : After the initial rally from the lowest zone, price consolidated and then retested this middle zone in late May 2025. The swift bounce from this area confirms its role as a significant demand zone, where buyers stepped in to prevent further declines and propel the price higher. This zone likely represents a point where early buyers took profits, and new demand entered, or previous buyers added to their positions.
Highest Zone ($30.596 - $34.316) : This most recent yellow zone became active in June 2025. After breaking through earlier resistance, price retraced into this area following its peak. The current price is hovering around the upper boundary of this zone ($34.316), indicating that buyers are attempting to defend this level. This zone signifies a crucial area where previous resistance may have flipped into support, attracting new buying interest. Its ability to hold will be critical for the continuation of the uptrend.
Supply Zones:
While not explicitly highlighted in yellow, several supply zones are evident where selling pressure intensified:
Around $27-$28 (Late 2024/Early 2025): Multiple wicks and rejections around this price range in late 2024 and early 2025 suggest a strong supply area. Price struggled to sustain above this level on several occasions, leading to pullbacks.
Around $30-$31 (Early 2025): Similar to the above, this area acted as resistance, causing price to reverse downwards after attempts to break higher.
The recent peak around $40-$42 (June 2025): This is the most significant recent supply zone. The sharp rejection from this area, marked by the long upper wick and subsequent bearish candles, indicates strong selling pressure at these elevated prices. This suggests profit-taking by earlier buyers and/or new shorting interest.
Current Price Position:
The current price of HYPE/USDT is approximately $34.345, which is at the upper boundary of the highest major buying level (yellow zone: $30.596 - $34.316). This indicates that the price has retraced significantly from its recent peak and is currently testing a crucial demand zone. The reaction at this level will be paramount in determining the immediate future direction.
Potential Future Scenarios:
Bullish Scenario: If the highest yellow zone ($30.596 - $34.316) holds as strong support, and buying pressure re-emerges, HYPE/USDT could consolidate within this zone before attempting another rally towards the recent highs ($40-$42) and potentially breaking above them. A strong bounce from this level would confirm renewed buyer confidence.
Bearish Scenario: If the current demand zone ($30.596 - $34.316) fails to hold, indicating a lack of buying interest at these levels, HYPE/USDT could see further downside. The next potential support levels would then be the middle yellow zone ($22.303 - $25.927). A break below the current zone would signal a shift in market sentiment and potentially the beginning of a deeper correction.
Key Observations:
Clear Demand Zone Effectiveness: The yellow zones have historically served as effective demand zones, leading to significant bounces and upward movements. This reinforces their importance as areas where institutional or significant retail buying has occurred.
Volatility and Wicks: The presence of long wicks (both upper and lower) indicates periods of significant price discovery and battle between buyers and sellers, especially around key levels.
Breakout and Retest Pattern: The price has shown a tendency to break out of resistance, then retest those levels (which often flip to support) before continuing its move, as seen with the middle yellow zone.
Recent Pullback: The current pullback from the highs around $40-$42 suggests profit-taking and the encounter of a strong supply zone. The ability of buyers to absorb this selling pressure at the current demand level will be a key determinant of future price action.
In summary, HYPE/USDT is at a critical juncture, testing a major buying level. The market's reaction to this demand zone will dictate whether the recent bullish momentum can be sustained or if a deeper correction is on the horizon.
Where Is The Real HypeThis latest crypto cycle has been the hardest to navigate for even the most experienced crypto traders. No real Altcoin season has transpired, maybe best reflected by the fact that over 2 years into it, Ethereum still has not seen a new All-Time-High. That is not to say that there have not been winners. Hyperliquid, the 'decentralized' perpetuals exchange has taken the market by storm. The word 'decentralized' is in inverted commas as the extent of decentralization for the platform is debatable but starting with UX and product first, and arguably bringing in decentralization later, has so far proven to be winning strategy. The performance of the project's native token HYPE has been one of the few bright lights in this market.
HYPE, the token, launched in what is an immaculate conception in crypto terms: no VCs who got in at better price levels, an airdrop that heavily rewarded the community, revenue-driven token buybacks. The project is a case-study on how to succeed in today's crypto world. Perpetuals trading is one of the core use-cases for crypto. Enabling perpetuals trading for jurisdictions where it is banned for retail via 'decentralization' is regulatory arbitrage at its best. Luckily, regulation-wise, the stars seem to have aligned. At the same time, crypto traders have been overwhelmed by large supplies of tokens dumped on the market at unfavorable terms for retail investors. Non-crypto retail on the other hand has been burned one too many times by mingling in our industry and has so far stayed out. Consequently, the vast majority of crypto tokens has simply not gone anywhere in this cycle so far.
Where non-crypto retail funds go becomes visible when looking at the performance of various stock indices, pennystocks and even crypto-related stocks including Microstrategy. Even despite economic uncertainty and war, stocks are at all-time highs. On the institutional side, funds and tradfi have been playing the crypto-leverage game via instruments they are familiar with. We have spoken about Michael Saylor's strategy of borrowing funds to buy more Bitcoin many times in this newsletter previously. Other companies have copied the Microstrategy playbook in increasing numbers. 151 publicly traded companies now hold Bitcoin.
Meanwhile, the less 'degen' side of tradfi has focused its attention on stablecoins. The so-called 'GENIUS' Act to regulate stablecoins has just passed the US Senate with bi-partisan support. The performance of Circle's stock after its recent IPO is the best example for the growing Tradfi excitement over Stablecoins. A 5x return in a little over a week may remind crypto traders of happier days. It is certainly not the norm in Tradfi world. Stripe, the Fintech giant, has been acquiring crypto infra players including Bridge and Privy. Shopify has enabled stablecoin payments. Adoption comes slowly, then all at once.
As the worlds of crypto and Tradfi continue to merge, opportunities for traders will continue to present themselves. We may be facing a quieter period in crypto markets right now. But the lessons of HYPE's immaculate conception are being studied by teams and founders around the industry. Inevitably, the possibilities of permission-less onchain finance will sooner or later lure back the traders. Until then, good luck looking for the next hype.
$HYPE Trade!!GETTEX:HYPE is testing the crucial support zone at $40.0–$40.5, right along the ascending trendline and 200 EMA on the hourly chart.
If this zone holds, we could see a rebound toward the $44.5–$46.0 resistance area.
However, a breakdown below $40.0 might trigger further downside toward the next major support at $38.0–$37.4.
Monitor closely—this zone will decide the next move.
Hyperliquid Correction Exposed, $16.6-$22.5 Range To Be TestedAfter a strong rise there is always a strong correction and I will call this normal market behavior.
Hyperliquid entered the TOP20 altcoins by market capitalization and now sits at #11. Amazing feat.
In a matter of 65 days, between 7-April and 11-June, HYPEUSDT grew a very nice 373%.
A correction can take prices back below the 0.618-0.786 Fib. retracement support range. Which means between $16.7 and $22.5.
As usual, after the bearish wave is over, we can expect a new wave of growth. This one should unravel fast.
Thank you for reading and for your continued support.
Additional details can be found on the chart.
Namaste.
Hyperliquid HYPE price analysis🧐 This idea regarding the price of #HYPE is based more on our "intuition", as the project's tokenomics are excellent:
there will be no major coin unlocks this year, and 97% of the commission income of the #hyperliquid exchange will be directed towards the repurchase of its own token.
🤖 We previously managed to “predict” the growth of the #HypeUSDT price, so maybe our forecast will come true again) 👇
❗️ But this is by no means a call to shorts!
This idea is more about the opportunity to buy #Hype for $22-23 for your investment portfolio.
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HYPE Precision Trading — Pattern, Patience, ProfitHYPE has shown strong performance since early April, maintaining a clear uptrend. Currently, the market is consolidating in a range between $30 and $40 and it’s setting up for something interesting. Let’s break it down and map the next high-probability trade setup.
Potential Gartley Harmonic Pattern Forming
A valid Gartley pattern may be developing, with point D potentially forming around the $29 level. This zone offers solid confluence for a high-probability long setup.
🟢 Long Setup – Gartley Harmonic Pattern Completion at around $29
Confluences around $29–$28.3:
0.786 Fib retracement of XA
Trend-based Fib Extension 1:1
Negative -0.618 Fib as take-profit level for prior short
Anchored VWAP (0.666 band multiplier) acting as dynamic support
200/233 EMA/SMA support on the 4H TF
FVG + liquidity pool resting just below $30
Setup Details:
Entry Zone: Trend-based Fib Extension 1:1 or laddered between $30–$28.3
Stop Loss: Below $27.5 (adjust depending on where point D forms)
Target: 0.618 of CD leg ≈ $34.4
R:R ≈ 1:3.5
🔴 Short Setup – look for rejection at $36
0.618 Fib retracement from previous move (ideal short entry)
Invalidation: Break above $38.2 (above point C)
Take Profit: $30-$29
R:R ≈ 1:3
🧠 Educational Insight:
Harmonic patterns offer precise entries and targets by aligning Fibonacci levels with market structure. When combined with tools like Anchored VWAP and liquidity analysis, they become powerful tools for swing trading.
Summary:
HYPE continues to respect structure beautifully, offering repeated swing setups in the 10%–20% range. With clear fib symmetry and predictable behaviour, it remains one of the more technically sound altcoins.
Stay patient. Wait for the pattern to complete. As always — don’t chase. Let the trade come to you.
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Phemex Analysis #87: Pro Tips for Trading Hyperliquid (HYPE)Hyperliquid ( PHEMEX:HYPEUSDT.P ) has rapidly become one of the most talked-about cryptocurrencies over the past two months. Impressively defying broader market uncertainties, HYPE soared from a low of $9.313 on April 7 to a remarkable high of $40.019 on May 26—achieving an astounding growth of approximately 329%.
However, caution is advised, as recent price action has formed a classic "Head-and-Shoulders" pattern, with the third peak emerging around June 3. This technical setup often indicates weakening bullish momentum and potential trend reversal. Given this scenario, let's delve deeper into several possible outcomes that could unfold for HYPE in the upcoming days.
Possible Scenarios
1. Bearish Reversal
The Head-and-Shoulders formation signals a potential bearish reversal. If HYPE breaks below the critical support levels at $31.5, especially with increased trading volume, and subsequently breaches the $30 support, the likelihood of a sharp downward movement intensifies.
Pro Tips:
Short Positions: Consider initiating short positions upon confirmed breakdowns below $31.5 or $30. Always employ tight stop-losses to manage risk effectively.
Long-Term Accumulation: For those with a longer-term bullish outlook on HYPE, watch closely for price stabilization around lower support levels at $25.5 and $24.3, which could offer strategic entry points for buying the dip.
2. Retesting the $30 Support Level
Another plausible scenario is that HYPE might retrace to the $30 support level, characterized by declining trading volume. If volume diminishes significantly at this level, it could indicate that selling pressure is weakening, setting the stage for consolidation rather than further declines.
Pro Tips:
Grid Trading Strategy: Utilize grid trading to systematically capitalize on potential range-bound movement between clear support at $30 and resistance near $38.
Risk Management: Remain disciplined by setting clear stop-losses above the resistance or below support to protect against unexpected breakouts or breakdowns.
3. Breakout Rise (Bullish Scenario)
While considered less likely given current technical patterns, crypto markets often defy expectations. A bullish breakout above the immediate resistance levels at $37.2 and subsequently $39.7—particularly if accompanied by strong positive news or substantial trading volume—could signal another significant upward move.
Pro Tips:
Watch Resistance Levels: Stay alert for decisive breakouts above $37.2 and $39.7, validating the bullish scenario.
Confirmation Required: Only enter long positions if breakouts are confirmed by sustained volume and supportive fundamental news.
Conclusion
Hyperliquid (HYPE) currently stands at a crucial technical juncture, presenting multiple strategic opportunities for traders. Whether anticipating a bearish reversal, a consolidation phase, or a surprise bullish breakout, successful trading will depend on vigilance, technical confirmations, and disciplined risk management. Stay adaptable, carefully monitor key price levels, and remain informed about news and market developments to confidently navigate trading HYPE.
Tips:
Elevate Your Trading Game with Phemex. Experience unparalleled flexibility with features like multiple watchlists, basket orders, and real-time adjustments to strategy orders. Our USDT-based scaled orders give you precise control over your risk, while iceberg orders provide stealthy execution.
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Hyperliquid: Your Altcoin ChoiceLow volume lower low and high volume reversal candle.
Here we do not have six months of data but the chart looks pretty clear. It is simple to read.
I can spot two perfect 5-waves pattern, one going down and another one going up.
Going down is the second one, the correction, and the session that hit a new bottom ended up as a higher low based on the close. That is, the low in December 2024 is $10. The low 7-April is $9.3 but the close happened at $11.5. ($11.5 higher than $10 ).
This can be a bullish signal.
Today's candle trades higher than the 13-March low. A full green candle.
After going down, the market tends to reverse and go up. The action is bullish on the short-term and this is a short-term chart.
Hyperliquid is good as long as it trades above support.
"Support" is clearly depicted orange on the chart.
I used this chart setup to open a short-term based trade.
The main targets are 145% & 270% as shown on the chart.
Thank you for reading and for your continued support.
You are appreciated.
Namaste.
Check if it can hold the price above 26.37
Hello, traders.
If you "Follow", you can always get new information quickly.
Have a nice day today.
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Hyperliquid token is a decentralized exchange token.
It forms the Hyperliquid Ecosystem.
To see if Hyperliquid can survive in the coin market in the future, we will have to see if the ecosystem expands.
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(HYPEUSDT 1D chart)
We need to see if the price can be maintained by rising above the Fibonacci ratio 1 (35.51).
If so, the next target range is expected to be around the Fibonacci ratio 1.618 (51.70).
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The HA-High indicator on the 1D chart is formed at the 26.37 point.
Therefore, if it falls, we need to check if it is supported near the HA-High indicator on the 1D chart.
The current volume profile section is formed over the 19.59-23.19 section.
Therefore, if it falls to the maximum, it is expected that the 19.59-23.19 section will act as a strong support.
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(30m chart)
Since the chart was created not long ago, it is difficult to analyze the chart over a long period of time.
Therefore, when trading these coins (tokens), it is recommended to trade mainly in short-term trading (day trading) or increase the number of coins (tokens) corresponding to the profit by increasing the number of coins (tokens).
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The basic trading strategy is to buy when it receives support near the HA-Low indicator and sell when it meets the HA-High indicator.
However, if it is supported and rises near the HA-High indicator, there is a possibility of a stepwise upward trend, so you should think about how to proceed with a split transaction.
If it is resisted and falls near the HA-Low indicator, there is a possibility of a stepwise downward trend, so you should also think about a response plan for this.
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In any case, you can see that it must rise above 33.89 to continue the upward trend.
Therefore, the key is whether it can rise with support near 33.17-33.89.
Currently, OBV > OBV EMA, so when it rises above the High Line, you should check whether it can maintain the price by rising above the 33.17-33.89 range.
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Thank you for reading to the end.
I hope you have a successful transaction.
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- This is an explanation of the big picture.
(3-year bull market, 1-year bear market pattern)
(3-year bull market, 1-year bear market pattern)
I will explain more details when the bear market starts.
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$FWOG/USDT Ready to Fly MEXC:FWOGUSDT has officially broken out of its long-term downtrend and flipped the key resistance zone into support.
After a clean retest of the breakout level around $0.07021, the price is showing strength again.
With bullish momentum building, this setup offers a solid potential upside, targeting the $0.52424 zone, a 643% move from here.
As long as the price holds above the green demand zone, this chart looks primed for a strong rally.
DYRO, NFA
Hyperliquid (HYPE) Structural Breakout: Target $60+ HYPE just broke out from a major downtrend on the weekly chart and it’s looking strong.
I’m targeting $60 as a realistic level this year, and there’s a good chance HYPE makes it into the T op 10 crypto market cap if this momentum holds.
Here’s why I’m bullish:
Price broke out of the falling channel and closed above $25 weekly resistance.
Strong buying volume shows big players are stepping in, especially after that accumulation zone between $9 and $18.
Based on Fib extension, $60 lines up perfectly as the next major target and a psychological resistance level.
The Hyperliquid narrative is strong. Positioned as a real on-chain CEX alternative with solid user growth and rising TVL.
My trade setup:
Entry around $20 to $26.
First target at $37.5, final target at $60.
Stop loss if price closes below $18 weekly (that would kill the bullish case for me).
This isn’t financial advice , just sharing how I’m seeing the market.
Always manage your risk and don’t FOMO in at the top.
TradeCityPro | HYPE: Bullish Momentum Builds Near Resistance👋 Welcome to TradeCity Pro!
In this analysis, I’m going to review the HYPE coin for you. The Hyperliquid project is one of the DEX projects in the crypto space that also functions as a Derivatives platform, and it currently holds the highest 24-hour volume among all DEXs.
🔍 The token for this project, with the symbol HYPE, has a market cap of $7.23 billion and is ranked 20th on CoinMarketCap.
⏳ 4-Hour Timeframe
In the 4-hour timeframe, as you can see, this coin is in an uptrend with an ascending trendline, and it’s currently encountering resistance at 21.48.
📈 If the price stabilizes above this zone, a new bullish wave can begin, with the next resistance being at 22.799.
✔️ You can enter a long position using the 21.48 breakout trigger. Buying volume has increased significantly, which raises the chances of this level breaking.
📊 For short positions and a potential bearish trend in this coin, the first trigger would be a rejection from the 21.48 resistance. If the price gets rejected at this level, the likelihood of breaking the trendline increases.
⭐ A break of the trendline itself can also serve as a trigger. Breaking this trendline would eliminate bullish momentum in the market, and a breakdown below the 39.29 level on the RSI would further support bearish momentum.
🔽 The main short position can be opened upon breaking the 19.552 level. This is a very strong support, and if the price closes below it, it could drop further to 17.88.
👀 Overall, the long setup on this coin looks quite logical, and if the 4-hour candle closes as is and doesn’t turn out to be a fakeout, it could be a great entry opportunity.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
$Hype to new lows? GETTEX:HYPE looks like it's forming a double top here below key resistances.
If we end up falling lower here, and get to the bottom of the channel, I think that price is likely to break down from the channel and hit one of the lower supports before we start the next bullish move.
Let's see how it plays out over the coming weeks.
Hyperliquid HYPE price analysisLooking at the OKX:HYPEUSDT.P chart, we can assume that the cryptocurrency market is likely to start #Hype's in May.
🔼 The capitalization of the #Hyperliquid project is already quite large in the current realities - $5.6 billion, so the forecast for x2 growth is quite optimistic-realistic.
And so, all the key levels are on the chart!)
🥚 Have a nice Easter holiday
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