The market doesn’t take its eyes off $HYPE , Hyperliquid’s native token. After its listing on Binance’s spot market, the ecosystem is living through an all-out battle between whales, market makers, and retail buyers.
With the price currently moving around $90 - $91 USD, these are the exact technical zones you should watch over the next few hours:
🚧 Resistance Zones (Selling pressure):
• $92.37 - $98.40 USD: This is the strongest immediate resistance zone. The price recently set a new All-Time High (ATH) at $97.99 USD. We need a strong daily close above this level to clear the sell walls and seek price discovery toward $100+ USD.
🛡️ Support Zones (The buyers’ floor):
• $84.75 - $91.79 USD: This is the current support block where price is fighting. As long as it stays in this range, the bias remains healthy accumulation.
• $70.32 - $78.15 USD: If volatility from the imminent unlock of 14.17 million tokens breaks the main support, this lower block is the final correction target. For me, it would be a high-probability institutional bounce zone.
🟢 Defending the ecosystem:
Don’t forget the fundamental factor: the Hyperliquid Strategies team already defended the price by executing massive buys worth $45.8 million after the listing. Also, the protocol continues to actively burn tokens using its commission revenues, reducing supply.
💡 My strategy: The project has brutal fundamentals as a layer 1 for decentralized trading, but the unlock requires strict risk management.
I’ll look for staggered entries at the lower support if volatility flushes leveraged positions.
What do you think? Will $HYPE hold this range or will we go looking for liquidity at the $78 USD support? I want to hear your thoughts below! 👇
#Hyperliquid #HYPE #CryptoTrading #BinanceSquare #TechnicalAnalysis
