Hyperliquid Price Breaks Out as Smart Money Increases Investment
- Price Breakout: Hyperliquid's price broke out of a multi-month descending parallel channel on January 7, rising 17.5% since its January 2 low, indicating strong buyer control over the market and potential for further price increases.
- Smart Money Accumulation: Over the past month, smart money investors like Maven 11 added 161.3K HYPE tokens, bringing their total holdings to $4.5 million, reflecting strong confidence in Hyperliquid and potentially attracting more retail investors to follow suit.
- Aggressive Buyback Strategy: Hyperliquid employs an aggressive buyback strategy funded by protocol revenue, having burned nearly $912 million worth of HYPE tokens in late December, which reduces circulation and increases scarcity, thereby boosting demand.
- Bullish Technical Indicators: Technical indicators suggest a bullish trend in the short term, with the MACD showing a bullish crossover and the Chaikin Money Flow index at a positive reading, indicating that capital inflows are supporting the uptrend, with HYPE likely to rebound to its December 4 high of $35.8.
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Technical Analysis for HYPE
Technical Sentiment Analysis for Hyperliquid (HYPE) As of , Hyperliquid (HYPE) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 4 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for HYPE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, HYPE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Hyperliquid (HYPE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 16.023 | 21.721 | 27.028 | 32.726 | 38.033 | 43.731 | 49.038 |
| Fibonacci | 21.721 | 25.925 | 28.523 | 32.726 | 36.93 | 39.528 | 43.731 |
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