The whole market saw over 1.5 billion liquidated today, with 250 million on Hyperliquid’s own platform alone. If this were another platform token, it would’ve been crushed by now. But HYPE is still at 91.7 USDT, up 16% in 24 hours.
That’s what sets it apart from other coins. The more people on the platform and the more liquidations there are, the more fees it collects. That money then goes back into buying HYPE, so the more chaotic the market gets, the more it benefits.
Looking at this afternoon’s price action, several dips were caught around 90.5. It hasn’t retested this morning’s low of 88.9, and buying support below is clearly stronger than it was this morning.
I’m still bullish. Around 90 is the floor for now, so if it retests that level and holds, you could consider getting in. The high of 96.7 came during an overnight spike; if it breaks above that, the next level to watch is the old high at 98.
If it falls back below 88, then we can reassess—that would mean this rally has lost its rhythm. #HYPE $HYPE
That’s what sets it apart from other coins. The more people on the platform and the more liquidations there are, the more fees it collects. That money then goes back into buying HYPE, so the more chaotic the market gets, the more it benefits.
Looking at this afternoon’s price action, several dips were caught around 90.5. It hasn’t retested this morning’s low of 88.9, and buying support below is clearly stronger than it was this morning.
I’m still bullish. Around 90 is the floor for now, so if it retests that level and holds, you could consider getting in. The high of 96.7 came during an overnight spike; if it breaks above that, the next level to watch is the old high at 98.
If it falls back below 88, then we can reassess—that would mean this rally has lost its rhythm. #HYPE $HYPE
