$HYPE reported 91.17, up 13.35% in 24 hours. These 13 points didn’t come from a gradual climb—they were made in three hourly candles.
The 18:00 candle pushed from 79.38 to 86.25. Volume was $15.91 million, 69 times the previous hour’s.
From 18:00 to 20:00, these three candles saw $41.59 million in volume. The previous five candles combined accounted for just 6.7% of that.
What really matters is what it hasn’t reached yet. The October 5 high of 95.25 is just 4.5% above, while today’s high was 91.40.
From 74.45 on October 24 to 91.17 today, it gained nearly 20 points in five days. But the 95.25 high has yet to be touched even once. This move is filling a hole, not breaking new ground.
It has only recovered 80% of the drop. This isn’t a new high.
Watch 84.95 for support—the low of the 19:00 candle.
Hold 84.95, and 95.25 is the target above. Break below it, and the big bullish 18:00 candle gets erased, with a drop back below 80.
Buy at the top and you’re buying the most expensive candle; wait for a pullback and you’re buying at someone else’s cost basis. Are you adding to or trimming your HYPE?
Data: Binance spot 1-hour candlesticks, 21:18 UTC+8, https://www.binance.com/zh-CN/price/hyperliquid
The 18:00 candle pushed from 79.38 to 86.25. Volume was $15.91 million, 69 times the previous hour’s.
From 18:00 to 20:00, these three candles saw $41.59 million in volume. The previous five candles combined accounted for just 6.7% of that.
What really matters is what it hasn’t reached yet. The October 5 high of 95.25 is just 4.5% above, while today’s high was 91.40.
From 74.45 on October 24 to 91.17 today, it gained nearly 20 points in five days. But the 95.25 high has yet to be touched even once. This move is filling a hole, not breaking new ground.
It has only recovered 80% of the drop. This isn’t a new high.
Watch 84.95 for support—the low of the 19:00 candle.
Hold 84.95, and 95.25 is the target above. Break below it, and the big bullish 18:00 candle gets erased, with a drop back below 80.
Buy at the top and you’re buying the most expensive candle; wait for a pullback and you’re buying at someone else’s cost basis. Are you adding to or trimming your HYPE?
Data: Binance spot 1-hour candlesticks, 21:18 UTC+8, https://www.binance.com/zh-CN/price/hyperliquid
