๐ $HYPE Hits New ATH at $44.69!
๐ธ The native token of #Hyperliquid just broke its all-time high, signaling strong momentum as it eyes the $50 mark next. ๐
๐น Backed by explosive growth in its Layer-1 ecosystem:
โข $2.53B TVL (+80% in 30 days)
โข $3.73B stablecoin supply
โข $246.8B in monthly perp volume, dominating the decentralized derivatives market
๐น Bullish signals stacking up:
โข Breakouts from bullish pennant & flag patterns
โข Cup-and-handle breakout above $35
โข Rising MACD & RSI = strong buying pressure
๐น But watch out โ ๏ธ:
โข Whale profit-taking underway (e.g., $13.7M unrealized gain)
โข Over 50% of margin positions are short on Coinglass
โข Short-term volatility likely, though long-term momentum remains intact
๐ง If support holds, $50 is next. If it fails, a dip below $35 could flip sentiment bearish.
