Are you looking to chase that $62 on $HYPE ?
A whale just unlocked a $27 million short position, and on June 6, there’s still $600 million worth of core contributor tokens about to drop—but in the last 10 days, the spot ETFs have absorbed 1% of the market cap, and the protocol itself has spent $1.16 billion on buybacks. The weekly chart has surged 26%, just 3.7% away from its all-time high.
Let’s break it down: it's rallying independently, gaining momentum.
It’s up 26% in the last week, with a market cap of $15.7 billion breaking into the top ten, and a 24-hour trading volume over $1 billion, with liquidity smashing through established L1s. From the April lows, we've seen a V-shaped reversal, breaking through the critical resistance at 50-55, with all moving averages in bullish alignment, MACD expanding positively, and RSI not yet in the overbought zone: the main rally is confirmed, don’t get shaken out.
First thing: ETFs are backing it with real capital.
The HYPE spot ETF has raised 1.04% of circulating market cap in its first 10 trading days. Let me be clear, it’s the strongest launch among all crypto ETFs, bar none.
Second point: the protocol itself is the biggest buyer.
Hyperliquid is using 99% of its trading fees to buy back and burn HYPE. In the last 24 hours, fees have generated $1.36 million, all of which is being used for buying. The total buyback has already exceeded $1.16 billion.
While other projects rely on promises, HYPE is driving its own price action through revenue.
Third point: the fundamentals are solid, not like a new blockchain.
Daily trading volume is stable above $8 billion, with a fully on-chain order book, 200,000 TPS, and 0.07 seconds per block. No VCs dumping, no market maker subsidies, purely community-driven.
They just launched a real-world event prediction market—betting on sports, politics, and news. The ecosystem is expanding, usage is growing, and revenue is hitting new highs.
Key level 60, this is the bull's starting line.
Resistance above: 64.59 (ATH) → 70-75 → 85-88
Support below: 58.66 → 55 (strong support) → 50 (iron floor)
For short-term traders:
Buy in batches on a dip to 58-60, stop loss at 57.5, first target at 64.5 to chase the breakout, second target at 70-75.
For swing traders:
Wait for the daily close to establish above 62 before adding more, use dynamic take profit, target 85-100, don’t get spooked by the unlock on June 6— the market has already priced that in; if it drops to 55, it’s a gift.
For long-term believers:
DCA below 55 with your eyes closed. HYPE is the 2026 project that resembles early Solana the most—real income, real users, real deflation. Targeting 100+, which corresponds to a market cap of $25 billion, even less than Dogecoin; do you think that’s reasonable?
A whale just unlocked a $27 million short position, and on June 6, there’s still $600 million worth of core contributor tokens about to drop—but in the last 10 days, the spot ETFs have absorbed 1% of the market cap, and the protocol itself has spent $1.16 billion on buybacks. The weekly chart has surged 26%, just 3.7% away from its all-time high.
Let’s break it down: it's rallying independently, gaining momentum.
It’s up 26% in the last week, with a market cap of $15.7 billion breaking into the top ten, and a 24-hour trading volume over $1 billion, with liquidity smashing through established L1s. From the April lows, we've seen a V-shaped reversal, breaking through the critical resistance at 50-55, with all moving averages in bullish alignment, MACD expanding positively, and RSI not yet in the overbought zone: the main rally is confirmed, don’t get shaken out.
First thing: ETFs are backing it with real capital.
The HYPE spot ETF has raised 1.04% of circulating market cap in its first 10 trading days. Let me be clear, it’s the strongest launch among all crypto ETFs, bar none.
Second point: the protocol itself is the biggest buyer.
Hyperliquid is using 99% of its trading fees to buy back and burn HYPE. In the last 24 hours, fees have generated $1.36 million, all of which is being used for buying. The total buyback has already exceeded $1.16 billion.
While other projects rely on promises, HYPE is driving its own price action through revenue.
Third point: the fundamentals are solid, not like a new blockchain.
Daily trading volume is stable above $8 billion, with a fully on-chain order book, 200,000 TPS, and 0.07 seconds per block. No VCs dumping, no market maker subsidies, purely community-driven.
They just launched a real-world event prediction market—betting on sports, politics, and news. The ecosystem is expanding, usage is growing, and revenue is hitting new highs.
Key level 60, this is the bull's starting line.
Resistance above: 64.59 (ATH) → 70-75 → 85-88
Support below: 58.66 → 55 (strong support) → 50 (iron floor)
For short-term traders:
Buy in batches on a dip to 58-60, stop loss at 57.5, first target at 64.5 to chase the breakout, second target at 70-75.
For swing traders:
Wait for the daily close to establish above 62 before adding more, use dynamic take profit, target 85-100, don’t get spooked by the unlock on June 6— the market has already priced that in; if it drops to 55, it’s a gift.
For long-term believers:
DCA below 55 with your eyes closed. HYPE is the 2026 project that resembles early Solana the most—real income, real users, real deflation. Targeting 100+, which corresponds to a market cap of $25 billion, even less than Dogecoin; do you think that’s reasonable?
