Technicals
No fresh daily RSI reading was found. CoinGabbar flags an EMA near $87.53 as the level $HYPE PE needs to recover, so price is trading below that key moving average.
Resistance: $80 (former support, now a ceiling), $87.53 (key EMA per CoinGabbar), $90 (earlier Coinpedia upside target).
Support: $76 (head-and-shoulders neckline per AMBCrypto), $75.35 (pivot CoinGabbar says must hold), $65 (downside target per crypto.news). AMBCrypto puts the pattern’s full target about 22% lower, near $59.
Fundamentals and on-chain
Buybacks / revenue: Hyperliquid leads crypto protocols with about $63.94M in buybacks (AltcoinBuzz). Tokenomics.com estimates about $65M a month in holder revenue. CryptoTicker notes Assistance Fund buying is meeting the $76 test.
Unlocks: Hyperliquid Labs sent 180,000 $HYPE to six team wallets on Nov 6, a smaller distribution than many feared. November is still a heavy month for HYPE unlocks (Bittime).
Treasuries: Hyperliquid Strategies added about $785M in HYPE and now holds roughly 38.5M HYPE (TokenPost). It reported a $620.6M Q3 profit, mostly unrealized gains, and has filed for US Futures Commission Merchant status.
Platform / upgrades: HIP-3 lets anyone launch markets and now has a “growth mode” with fees cut by 90%. Founder Jeff Yan says US expansion depends on platform operators meeting compliance rules.
Derivatives: CoinJournal reports whales took about $5M in profit during a 4% dip. No fresh funding, open-interest or liquidation totals for HYPE were found today.
Macro: Fear & Greed 25 (Extreme Fear, Nov 7). CME FedWatch: 76.8% odds of a Dec 9 Fed hike.
Top news
$HYPE lost its $80 support as team distributions and institutional selling weighed on price (AMBCrypto).
Hyperliquid Strategies bought about $785M more HYPE and now holds about 38.5M tokens (TokenPost).
Hyperliquid Strategies filed for US Futures Commission Merchant status (CryptoRank).
HyperLabs distributed 180K redeemed HYPE to team wallets on Nov 6 (Phemex, CryptoTicker).
ICE and Kraken’s parent company are reported to be planning US expansion around Hyperliquid (Cryptonews.net).
Forecasts
🟢 Bullish ($84–90): HYPE reclaims $80 and then the ~$87.5 EMA as buybacks absorb selling and CPI is not hot.
⚪ Base ($75–84): the $76 neckline holds, with a choppy range into Tuesday’s CPI.
🔴 Bearish ($59–65): a daily close below $75 confirms the head-and-shoulders, with $65 first and the ~22% pattern target near $59 next.
Analyst views: AMBCrypto warns of a 22% correction if the $76 neckline breaks. Crypto.news frames the setup as a $65 slide versus a recovery above $80. CoinGabbar treats $75.35 as the level to hold.
Upcoming events
Mon Nov 9, 02:00: weekly candle close (00:00 UTC).
Tue Nov 10, 15:30: US October CPI (08:30 ET).
Wed Nov 18, 21:00: FOMC minutes (14:00 ET).
Wed Dec 9, 21:00: Fed rate decision (14:00 ET).
Key question of the day: can Hyperliquid’s buybacks defend $75–76, or does a head-and-shoulders pattern play out?
Market overview, not investment advice. Prices at time of writing. DYOR.