$HYPE is showing some life again! ‼️👀
Its market cap has moved back above $20B after a small 5% recovery, but can this rally continue or is another trap waiting?
The recent news about Payward planning a regulated US perpetual trading launch on Hyperliquid has brought fresh attention. Also, a whale purchased over $10M worth of HYPE, showing big players are still watching this coin.
📈 On the chart, HYPE broke above its month-long descending trendline, but $81 resistance is still creating problems. If buyers break above this level, $88, $94 and possibly $100 could come into focus.
⚠️ However, ETF outflows and weakening money flow are raising concerns. If buyers fail, another pullback may happen. For now, HYPE needs stronger buying pressure to confirm its next move. 🚀
Its market cap has moved back above $20B after a small 5% recovery, but can this rally continue or is another trap waiting?
The recent news about Payward planning a regulated US perpetual trading launch on Hyperliquid has brought fresh attention. Also, a whale purchased over $10M worth of HYPE, showing big players are still watching this coin.
📈 On the chart, HYPE broke above its month-long descending trendline, but $81 resistance is still creating problems. If buyers break above this level, $88, $94 and possibly $100 could come into focus.
⚠️ However, ETF outflows and weakening money flow are raising concerns. If buyers fail, another pullback may happen. For now, HYPE needs stronger buying pressure to confirm its next move. 🚀
