Altcoins News
By Sakamoto Nashi
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Derivatives Turn Bearish, Spot Market Shows Support. Futures positioning for HYPE has tilted defensive, according to Coinglass, with the long-to-short…
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Why Bulls Eye $55–$60. Despite the pullback, spot activity remains constructive.
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Weekly Trading Map and Key Price Levels. Traders are focusing on the $44–$49 range as the immediate trading zone.
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Macro Context and Market Position. Hyperliquid continues to command strong open interest and fee traction despite growing competition…
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Analyst Takeaways
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Conclusion. Hyperliquid (HYPE) faces short-term headwinds, having dropped 6% to trade near $45.
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Hyperliquid (HYPE) extended its pullback for a fifth consecutive session, sliding roughly 6% intraday to trade between $45–$46.
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Futures positioning for HYPE has tilted defensive, according to Coinglass, with the long-to-short ratio falling to 0.80—its lowest in over a month.
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Technical indicators mirror this cautious sentiment. The daily RSI sits at 45, below the neutral 50 line, while MACD registered a bearish cross.
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HYPE recently failed a back-test of a broken ascending trendline, bleeding nearly 7% from Friday to Monday.
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Despite the pullback, spot activity remains constructive. Hyperliquid has repeatedly defended the mid-$40s, and previous consolidations above $45–$47 have historically preceded…
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Underlying fundamentals provide further support. Token staking has risen above 660,000 HYPE (around $30 million), and ongoing systematic buybacks are reducing circulating supply.
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Additionally, protocol fee revenue of roughly $3 million per day highlights durable usage, even as new perpetual DEX competitors attempt to capture trading volume with incentives.
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Traders are focusing on the $44–$49 range as the immediate trading zone. A daily close above $49 would neutralize the breakdown and potentially open targets at $52, then $55–$60.
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Conversely, failure to maintain support around $46–$47 could trigger a retest of $44, while a deeper sell-off risks $39–$40, where dip-buyers may step in.
The Currency Analytics
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