Hyperliquid ($HYPE ) Market Update: ATH Momentum Cools, Institutional Inflows Hold the Line
$HYPE is trading near $80**, pulling back from its all-time high of **$88–89 set in early September. The token gained over 50% in September but faces short-term pressure after a MACD death cross signaled fading momentum.
Key Support: The $82** zone is critical—it aligns with ascending trendline support and a volume shelf. A confirmed break below could target the **50-day EMA at $73.91.
What’s Holding It Up: The $820M token unlock on Sept. 6 failed to trigger heavy selling, and Hyperliquid’s buyback engine remains active—17,710 HYPE burned in 24 hours, with total burns now 48.6M tokens (4.86% of max supply). Institutional demand persists with HYPE ETFs recording a fifth consecutive week of inflows.
Binance Trade Setup: If $HYPE holds $80–82** and reclaims **$85.94 with volume, a move toward $90–98** opens up. Stop below **$78. If $80 breaks decisively, wait for the **$74 EMA zone** before considering longs. DYOR.
#Hyperliquid #Analsis #BINANCE
$HYPE is trading near $80**, pulling back from its all-time high of **$88–89 set in early September. The token gained over 50% in September but faces short-term pressure after a MACD death cross signaled fading momentum.
Key Support: The $82** zone is critical—it aligns with ascending trendline support and a volume shelf. A confirmed break below could target the **50-day EMA at $73.91.
What’s Holding It Up: The $820M token unlock on Sept. 6 failed to trigger heavy selling, and Hyperliquid’s buyback engine remains active—17,710 HYPE burned in 24 hours, with total burns now 48.6M tokens (4.86% of max supply). Institutional demand persists with HYPE ETFs recording a fifth consecutive week of inflows.
Binance Trade Setup: If $HYPE holds $80–82** and reclaims **$85.94 with volume, a move toward $90–98** opens up. Stop below **$78. If $80 breaks decisively, wait for the **$74 EMA zone** before considering longs. DYOR.
#Hyperliquid #Analsis #BINANCE