I'm noticing something odd with $HYPE .
Hyperliquid's best quarter yet: $190.9M revenue, up 22%, 65,161 traders a day, $148.7M of HYPE bought back. The token answered by sliding under its 200-day average — near $65.50, down 10% today and 15% on the week, a third below its $97.96 record.
The receipts don't line up: buybacks bought 26% fewer tokens than last quarter at a $72.93 average price, and the float still grew about 1.7M tokens — emissions and team distributions outpaced the buying. Real revenue; a bid that isn't keeping up.
The tape agrees with the sellers: HYPE sits below every average, RSI 27, and it slipped under $64.26, wicking toward $60, before clawing back.
Levels:
Support $64.26 · $60.96
Resistance $72.98 · $75.19
A daily close under $64.26 ends the shelf read; reclaim $72.98 and the buyback story gets a second hearing.
Did the slide under $64 catch you holding, or are you waiting on the daily close — which one are you?
NFA, DYOR.
$HYPE #Hyperliquid #DeFi #Buybacks #Crypto
Hyperliquid's best quarter yet: $190.9M revenue, up 22%, 65,161 traders a day, $148.7M of HYPE bought back. The token answered by sliding under its 200-day average — near $65.50, down 10% today and 15% on the week, a third below its $97.96 record.
The receipts don't line up: buybacks bought 26% fewer tokens than last quarter at a $72.93 average price, and the float still grew about 1.7M tokens — emissions and team distributions outpaced the buying. Real revenue; a bid that isn't keeping up.
The tape agrees with the sellers: HYPE sits below every average, RSI 27, and it slipped under $64.26, wicking toward $60, before clawing back.
Levels:
Support $64.26 · $60.96
Resistance $72.98 · $75.19
A daily close under $64.26 ends the shelf read; reclaim $72.98 and the buyback story gets a second hearing.
Did the slide under $64 catch you holding, or are you waiting on the daily close — which one are you?
NFA, DYOR.
$HYPE #Hyperliquid #DeFi #Buybacks #Crypto
