$HYPE Bounces from Oversold Levels 📈
Hyperliquid is rebounding after a sharp multi-week selloff that took HYPE from around $73 down to a low near $51. RSI readings near 27 signal deeply oversold conditions.
The recovery is underway despite lingering pressure from large whale unstaking — including a wallet that moved roughly $1 06 million worth of HYPE to FalconX and Coinbase Prime after 17 months locked — plus ongoing monthly token unlocks and regulatory scrutiny from Singapore’s MAS and UK authorities.
Fundamentals remain in focus:
• HIP-4 permissionless prediction market testnet launch
• Over $1 billion in cumulative protocol revenue
• Tokenized real-world asset trading now accounting for ~54% of weekly volume
Broader crypto markets stay cautious amid yen carry-trade unwind fears and uncertainty around the CLARITY Act’s path through the Senate.
#hype #Hyperliquid #crypto
Hyperliquid is rebounding after a sharp multi-week selloff that took HYPE from around $73 down to a low near $51. RSI readings near 27 signal deeply oversold conditions.
The recovery is underway despite lingering pressure from large whale unstaking — including a wallet that moved roughly $1 06 million worth of HYPE to FalconX and Coinbase Prime after 17 months locked — plus ongoing monthly token unlocks and regulatory scrutiny from Singapore’s MAS and UK authorities.
Fundamentals remain in focus:
• HIP-4 permissionless prediction market testnet launch
• Over $1 billion in cumulative protocol revenue
• Tokenized real-world asset trading now accounting for ~54% of weekly volume
Broader crypto markets stay cautious amid yen carry-trade unwind fears and uncertainty around the CLARITY Act’s path through the Senate.
#hype #Hyperliquid #crypto