๐ Hyperliquid Price Action: Can $HYPE Reclaim $50?
๐ After a 33% drop from Sept highs, $HYPE trades above $46, finding firm footing at $39.78 support.
๐ก DeFi Strength Backs the Bounce
๐น TVL: $2.21B (+2% daily)
๐น Daily Fees: $3.94M
๐น Rev: $3.18M
๐น Cumulative Volume: $84B
โก๏ธ Fundamentals stay strong despite recent volatility.
๐ Technical Snapshot
๐ข Support: $44.05 (100D EMA), $39.78
๐ด Resistance: $47.57 (50D EMA), $50 psychological level
๐ MACD close to flipping bullish โ eyes on confirmation.
๐ Futures Market Still Believes
๐ Open Interest: $2.3B
โ๏ธ No panic โ traders stay engaged
โก Market setting up for potential grind higher
๐ฏ What to Watch
โ
Breakout above $47.57 = possible $50 retest
๐ Holding $50 could reignite trend toward ATH
โ Drop below $44 risks deeper retrace to $37.29 (200D EMA)
๐ฅ HYPE remains a top DeFi contender with sticky capital, deep volume, and strong protocol revenue.
๐ October close could decide if $HYPEโs next move is breakout or breakdown.