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Opportunity to strengthen your position with $HYPE (Top 1 Altcoin leading the market)
Hyperliquid (HYPE) is currently leading the on-chain derivatives market, accounting for about 70% of market share (behind that is $ASTER
$LIT
Decentralized-licensed HIP-3 markets are growing rapidly, and the underlying options product is expected to launch in Q3.
HYPE also has significant long-term upside potential.
HYPE has the strongest price structure in this list. The price has stayed on an upward trend since the February low around $21 for the past 5 months.
HYPE set a new near all-time high of around $77 in June, then pulled back slightly.
The recent correction has been fairly healthy.
HYPE is currently accumulating around $63.66, which is close to the current level of $64.76.
The resistance zone is between $73–$76, while support is at $55, followed by the rising trendline around $48.
Trading volume decreased during the accumulation phase => supply is running low. This suggests it is only a temporary pause with positive momentum, rather than distribution.
If HYPE breaks above the $76 zone, the price could continue to set new highs.
My plan: Buy more when the price breaks $76 with a quality accumulation squeeze.
#Hyperliquid #AltcoinLeader #tradingartistry
Hyperliquid (HYPE) is currently leading the on-chain derivatives market, accounting for about 70% of market share (behind that is $ASTER
$LIT
Decentralized-licensed HIP-3 markets are growing rapidly, and the underlying options product is expected to launch in Q3.
HYPE also has significant long-term upside potential.
HYPE has the strongest price structure in this list. The price has stayed on an upward trend since the February low around $21 for the past 5 months.
HYPE set a new near all-time high of around $77 in June, then pulled back slightly.
The recent correction has been fairly healthy.
HYPE is currently accumulating around $63.66, which is close to the current level of $64.76.
The resistance zone is between $73–$76, while support is at $55, followed by the rising trendline around $48.
Trading volume decreased during the accumulation phase => supply is running low. This suggests it is only a temporary pause with positive momentum, rather than distribution.
If HYPE breaks above the $76 zone, the price could continue to set new highs.
My plan: Buy more when the price breaks $76 with a quality accumulation squeeze.
#Hyperliquid #AltcoinLeader #tradingartistry
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