Altcoins News
By Evie Vavasseur
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Bullish Signals: HYPE Open Interest Hits New High. One of the strongest indicators supporting the current price momentum is the rising Open Interest…
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Total Value Locked (TVL) Breaks Records. In addition to derivatives market data, the Total Value Locked (TVL) in the Hyperliquid Layer 1…
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Technical Outlook: $46 in Sight. Technically, HYPE has gained over 16% since Saturday, and the price closed around $38.80 on Monday.
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Potential Pullback Levels. Despite the bullish setup, traders should be cautious.
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What’s Driving Hyperliquid’s Growth?. The recent surge in HYPE’s price and metrics is not happening in a vacuum.
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Conclusion. Hyperliquid’s HYPE token is showing strong bullish momentum, backed by rising Open Interest,…
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Hyperliquid (HYPE), the native token of the decentralized perpetual trading platform and Layer 1 blockchain, is making waves in the crypto market. Currently trading at around $39.
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One of the strongest indicators supporting the current price momentum is the rising Open Interest (OI) in HYPE futures contracts. According to Coinglass, HYPE’s OI jumped from $1.
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Open Interest is an important metric in crypto trading. When it increases, it usually indicates growing investor confidence and a higher probability of continued price action.
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TVL growth is a strong fundamental indicator. It suggests that more users are depositing assets into the platform, which strengthens the network’s utility and liquidity.
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The Relative Strength Index (RSI) on the daily chart stands at 68, signaling strong momentum but staying just below the overbought threshold of 70.
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Additionally, the Moving Average Convergence Divergence (MACD) indicator is approaching a bullish crossover.
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Despite the bullish setup, traders should be cautious. If the price fails to break above its all-time high and faces a correction, key support levels to watch include the recent…
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Short-term pullbacks are common in upward trends and often provide buying opportunities for investors looking to enter the market at a better price.
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The recent surge in HYPE’s price and metrics is not happening in a vacuum. The Hyperliquid platform has seen a rise in user adoption thanks to its advanced perpetual trading…
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