HYPE surges 17% to $57, just 2% away from its all-time high.

Current prices: $BTC +0% 24h, $ETH +0% 24h, $BNB +0% 24h, $SOL +0% 24h. Market sentiment is shifting with $BTC and $ETH leading the way.

A short squeeze fueled HYPE's rally, with deeply negative funding rates failing to cool it, turning bearish bets into a 17% gain, which is a significant move. This surge matters as it shows the power of market sentiment. The 17% rally is a clear indication of the market's direction.

Support at $55,000. Resistance at $60,000.

Bullish signal, target $62,000.

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