Hyperliquid Price Rallies 40% as Whales Accumulate Tokens
- Whale Accumulation Trend: Hyperliquid (HYPE) price surged over 40% in the past week, with a 21% increase in the last 24 hours reaching a 10-week high of $38, indicating strong demand from whale investors that may drive the price back to October's $50 high.
- Surge in Market Activity: Data from HyperDash shows that whales holding $1 million to $5 million in HYPE have been accumulating more tokens over the past week, attracting retail investors' attention and suggesting a bullish outlook on HYPE's long-term potential.
- Expansion into Prediction Markets: The HyperCore team supports the HIP 4 proposal to expand into prediction markets, allowing fully collateralized contracts, which is expected to draw more investors and further enhance demand and price for HYPE.
- Buyback Mechanism Support: Hyperliquid's unique buyback and burn mechanism utilizes 97% of net fees to repurchase HYPE tokens, effectively reducing circulating supply and creating long-term deflationary pressure that supports HYPE's price increase.
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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 | 15.994 | 21.707 | 26.999 | 32.712 | 38.004 | 43.717 | 49.009 |
| Fibonacci | 21.707 | 25.911 | 28.508 | 32.712 | 36.916 | 39.513 | 43.717 |
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