The Hyperliquid token ($HYPE ) is currently experiencing significant volatility, trading between $33.13 - $33.60 after a massive rise of +23.94% over the past 24 hours. Whale data indicates a slight bearish tilt with a Long/Short ratio of 0.90, where short positions represent 52.68% of the whale holdings. However, there is one whale portfolio holding a massive long position with an unrealized profit exceeding $14 million, with an entry average of $22.36. Technically, the price has reclaimed the EMA 7 and EMA 25 averages, but momentum is nearing the "overbought" zone, suggesting a potential temporary correction to target liquidity before continuing the upward trend.

HYPE
HYPEUSDT
29.17
-10.63%

Trade Details

Type: Buy / Long (on correction)

Entry Price: $31.50 - $32.40 (targeting previous support area)

Take Profit (TP): $35.00 (psychological resistance/recent peak)

Stop Loss (SL): $29.30 (below the lowest price over 24 hours and breakout area)

Leverage: Low (3x - 5x) due to violent volatility and the potential for a quick "liquidation" of buyers.

Risk Warning: Rapid speculation. Please be cautious of upcoming Token Unlocks in February that may increase selling pressure.