$HYPE — Testing the $83 Wall After Bouncing Off $75 📈
HYPE is up around 5% today to ~$81, bouncing off the $75–$76 demand zone and holding above the $80 level traders called the recovery threshold.
My setup (long):
🔹 Entry: $80.00 – $82.00
🔹 Stop-loss: Daily close below $75
🎯 Target 1: $83
🎯 Target 2: $89
🎯 Target 3: $95
Breakout condition: a 4H close above $83 confirms the move — below that, this is still just a bounce inside the range.
Invalidation: a daily close below $75 kills the setup and opens the way toward the 200-day EMA near $67.50.
Why I like it: the $75 floor held twice, the structure above $80 looks constructive, and there is a real catalyst behind it — Kraken's parent company Payward plans to use Hyperliquid as the infrastructure for regulated onchain perpetual futures for US clients.
The risk I am watching: 65% of Binance HYPE accounts are already long (crowded), a 9.92M HYPE unlock lands on Nov 6, and the Fed decision today can shake the whole market in minutes.
Would you enter the $80–$82 zone now, or wait for the $83 close first? 👇
Not financial advice. DYOR.
HYPE is up around 5% today to ~$81, bouncing off the $75–$76 demand zone and holding above the $80 level traders called the recovery threshold.
My setup (long):
🔹 Entry: $80.00 – $82.00
🔹 Stop-loss: Daily close below $75
🎯 Target 1: $83
🎯 Target 2: $89
🎯 Target 3: $95
Breakout condition: a 4H close above $83 confirms the move — below that, this is still just a bounce inside the range.
Invalidation: a daily close below $75 kills the setup and opens the way toward the 200-day EMA near $67.50.
Why I like it: the $75 floor held twice, the structure above $80 looks constructive, and there is a real catalyst behind it — Kraken's parent company Payward plans to use Hyperliquid as the infrastructure for regulated onchain perpetual futures for US clients.
The risk I am watching: 65% of Binance HYPE accounts are already long (crowded), a 9.92M HYPE unlock lands on Nov 6, and the Fed decision today can shake the whole market in minutes.
Would you enter the $80–$82 zone now, or wait for the $83 close first? 👇
Not financial advice. DYOR.
