TRADE HERE
$HYPE SOARS 70% DUE TO INSTITUTIONAL ENTRANCE.
๐ HYPE is coming in strong. It's sitting at around $73, with a market cap exceeding $18 billion and an open interest of about $10 billion. It rose 17% over the past week and has accumulated 70% this month.
๐ฐ The boost came from ETFs.
Over $160 million flowed into HYPE ETFs in recent weeks. Wall Street is already treating it like an operational business due to the volume of on-chain derivatives that Hyperliquid moves and the real revenues it generates.
๐ต The buyback adds more fuel. The exchange charges fees, and part of that cash goes into a fund that constantly buys HYPE on the market. This ties direct trading activity to token demand.
๐ Mini intraday analysis:
โซ๏ธ Bullish trend as long as it holds above $66. The 24h high at $76.99 halted the momentum.
โซ๏ธ RSI at 69 indicates overbought conditions, so the logical move is to wait for a pullback to EMA 9 at $71.3 or EMA 20 at $67.7 before going long.
Strategy:
๐ Long entry: $71.3 at EMA 9 or $67.7 at EMA 20 if it bounces back with a green candlestick and RSI above 50. Wait for the pullback, donโt chase an inflated price.
โ ๏ธ Conservative TP: $76.99, 24h high.
โ ๏ธ Aggressive TP: $80 to $82, extension zone if it validates a breakout above $77.
โ ๏ธ Stop loss: $66.06, 24h low.
#hype #futures #TrendingTopic #TradingCommunity #crypto
TRADE HERE ๐๐ฝ
$HYPE SOARS 70% DUE TO INSTITUTIONAL ENTRANCE.
๐ HYPE is coming in strong. It's sitting at around $73, with a market cap exceeding $18 billion and an open interest of about $10 billion. It rose 17% over the past week and has accumulated 70% this month.
๐ฐ The boost came from ETFs.
Over $160 million flowed into HYPE ETFs in recent weeks. Wall Street is already treating it like an operational business due to the volume of on-chain derivatives that Hyperliquid moves and the real revenues it generates.
๐ต The buyback adds more fuel. The exchange charges fees, and part of that cash goes into a fund that constantly buys HYPE on the market. This ties direct trading activity to token demand.
๐ Mini intraday analysis:
โซ๏ธ Bullish trend as long as it holds above $66. The 24h high at $76.99 halted the momentum.
โซ๏ธ RSI at 69 indicates overbought conditions, so the logical move is to wait for a pullback to EMA 9 at $71.3 or EMA 20 at $67.7 before going long.
Strategy:
๐ Long entry: $71.3 at EMA 9 or $67.7 at EMA 20 if it bounces back with a green candlestick and RSI above 50. Wait for the pullback, donโt chase an inflated price.
โ ๏ธ Conservative TP: $76.99, 24h high.
โ ๏ธ Aggressive TP: $80 to $82, extension zone if it validates a breakout above $77.
โ ๏ธ Stop loss: $66.06, 24h low.
#hype #futures #TrendingTopic #TradingCommunity #crypto
TRADE HERE ๐๐ฝ