๐ฅ HYPERLIQUID: $14.58M FROM STABLECOINS FOR BUYBACKS โ IS THE $98.00 TEST AHEAD? ๐๐ฐ
Hyperliquid received its first $14.58M payment in USDC through the AQAv2 system. This is income from interest on stablecoin reserves, which goes to the Assistance Fund to buy back and burn $HYPE . Buybacks now have a steady source of funding that doesnโt depend on trading volume on the exchange.
๐ก On the 4H chart, $HYPE broke above the upper Bollinger Band, with MACD gaining momentum (+0.431). The 4H RSI(6) is overbought (85), suggesting a possible local pullback to the $89.80โ$90.50 support zone (4H/1D MB). The main barrier to a move above $100 is resistance at $98.05.
๐ Setup:
Entry: $89.80 โ $93.40
TP: $98.00 / $105.00
SL: $86.50
Will the $14.58M inflow for token buybacks push $HYPE above $98.00, or will the overbought RSI(6) first bring the price back to $90? ๐
#hype #Hyperliquid #TechnicalAnalysis #BinanceSquare
Hyperliquid received its first $14.58M payment in USDC through the AQAv2 system. This is income from interest on stablecoin reserves, which goes to the Assistance Fund to buy back and burn $HYPE . Buybacks now have a steady source of funding that doesnโt depend on trading volume on the exchange.
๐ก On the 4H chart, $HYPE broke above the upper Bollinger Band, with MACD gaining momentum (+0.431). The 4H RSI(6) is overbought (85), suggesting a possible local pullback to the $89.80โ$90.50 support zone (4H/1D MB). The main barrier to a move above $100 is resistance at $98.05.
๐ Setup:
Entry: $89.80 โ $93.40
TP: $98.00 / $105.00
SL: $86.50
Will the $14.58M inflow for token buybacks push $HYPE above $98.00, or will the overbought RSI(6) first bring the price back to $90? ๐
#hype #Hyperliquid #TechnicalAnalysis #BinanceSquare
