$HYPE – Bottoming out at support, momentum shifting for a bounce
Trading Plan Long $HYPE
Entry: 61.50 – 62.90
SL: 58.00
TP: 64.50
TP: 66.20
TP: 68.50
Price corrected heavily down to the $58.50 level but sharply reclaimed the local demand floor. It is currently stabilizing and holding firmly above key psychological support around $62.50. The downward momentum has drastically flattened out, showcasing exhausted selling pressure. As buyers step in to defend this structure, a steady continuation upward is highly anticipated to target the overhead resistance zones.
Trade $HYPE here 👇
What Experts Think (Current Market Updates):
Massive Institutional Inflows: According to recent data from SoSoValue and CoinMarketCap, spot Hyperliquid ETFs experienced a record-breaking single-week inflow of $111.36 million, defying a broader crypto market slowdown.
Bitwise Staking Loop: Asset manager Bitwise recently staked approximately $114 million worth of HYPE tokens directly on the protocol for its BHYP ETF. This structural update ties ETF growth directly to continuous on-chain token buying and staking.
Technical Consensus: Analysts from FXStreet point out that while short-term retail momentum has taken a breather after recent all-time highs near $76, the underlying trend remains macro bullish. Experts note the $58–$60 area serves as a critical "line in the sand" support zone that buyers are highly motivated to defend.
Trading Plan Long $HYPE
Entry: 61.50 – 62.90
SL: 58.00
TP: 64.50
TP: 66.20
TP: 68.50
Price corrected heavily down to the $58.50 level but sharply reclaimed the local demand floor. It is currently stabilizing and holding firmly above key psychological support around $62.50. The downward momentum has drastically flattened out, showcasing exhausted selling pressure. As buyers step in to defend this structure, a steady continuation upward is highly anticipated to target the overhead resistance zones.
Trade $HYPE here 👇
What Experts Think (Current Market Updates):
Massive Institutional Inflows: According to recent data from SoSoValue and CoinMarketCap, spot Hyperliquid ETFs experienced a record-breaking single-week inflow of $111.36 million, defying a broader crypto market slowdown.
Bitwise Staking Loop: Asset manager Bitwise recently staked approximately $114 million worth of HYPE tokens directly on the protocol for its BHYP ETF. This structural update ties ETF growth directly to continuous on-chain token buying and staking.
Technical Consensus: Analysts from FXStreet point out that while short-term retail momentum has taken a breather after recent all-time highs near $76, the underlying trend remains macro bullish. Experts note the $58–$60 area serves as a critical "line in the sand" support zone that buyers are highly motivated to defend.