$HYPE Hyperliquid (HYPE) Market Update: The $75.50 Line Just Became the Cheapest Entry of the Week
HYPE is trading near $77**, coiling just above the **$75.50–$76.80 demand zone that has absorbed every sell-off this week. Yes, the chart looks heavy—RSI at 35, ADX at 28 confirming a strong downtrend—but that's exactly why this setup is interesting.
The Bullish Undercurrent: HYPE treasury company PURR just expanded its stock buyback from $30M to $100M while holding 38.8 million HYPE tokens. A proven profitable trader opened a $1.99M 10x long** with an additional **$1.7M buy order sitting below price. Exchange netflow has stayed negative for seven straight days, meaning coins are leaving exchanges, not piling onto sell books.
The Trade: Long entry $75.50–$76.80. TP1 $78.00** (upper Bollinger), **TP2 $80.00 (breakdown invalidation), TP3 $82.00**. **Stop-loss $73.80. A daily close above $80 flips the entire structure bullish.
DYOR — the whale deposit is real, but so is the buyback. Manage your risk.
HYPE is trading near $77**, coiling just above the **$75.50–$76.80 demand zone that has absorbed every sell-off this week. Yes, the chart looks heavy—RSI at 35, ADX at 28 confirming a strong downtrend—but that's exactly why this setup is interesting.
The Bullish Undercurrent: HYPE treasury company PURR just expanded its stock buyback from $30M to $100M while holding 38.8 million HYPE tokens. A proven profitable trader opened a $1.99M 10x long** with an additional **$1.7M buy order sitting below price. Exchange netflow has stayed negative for seven straight days, meaning coins are leaving exchanges, not piling onto sell books.
The Trade: Long entry $75.50–$76.80. TP1 $78.00** (upper Bollinger), **TP2 $80.00 (breakdown invalidation), TP3 $82.00**. **Stop-loss $73.80. A daily close above $80 flips the entire structure bullish.
DYOR — the whale deposit is real, but so is the buyback. Manage your risk.