🚀 $HYPE / USDT — BULLISH CONTINUATION 📈
* 🟢 Entry Zone: $23.30 – $23.55
* 🎯 Target 1: $23.90 (Immediate liquidity grab)
* 🎯 Target 2: $24.40 (0.618 Fib Retracement)
* 🎯 Target 3: $25.20 (Major psychological resistance)
* 🛑 Stop Loss: $22.95 (Invalidation below the $23 support base)
🔍 Technical & Fundamental Drivers (Jan 25, 2026)
1. Whale Accumulation Post-Unlock:
The market has successfully absorbed the massive $330M token unlock that occurred on January 6. Recent on-chain data from January 24 shows that while some whales took profits (selling ~$14M USDC), the price rebounded quickly by 6.6%, indicating that "smart money" is buying the dips rather than panic selling.
2. The Grayscale ETF Catalyst:
On January 23, 2026, Grayscale Investments officially filed for a Hyperliquid Spot ETF trust. This has fundamentally changed the HYPE narrative from a "DEX utility token" to a "potential institutional asset class," providing a massive long-term tailwind for the price.
3. HyperEVM Mainnet Launch:
The recent launch of the HyperEVM earlier this month is now beginning to show in on-chain activity. The integration allows for deeper DeFi composability, which is expected to drive higher demand for the HYPE token as the native gas and governance asset for the expanding ecosystem.
4. Technical Structure:
* Support: Buyers have stepped in aggressively between $22.80 and $23.20, creating a "Bullish Engulfing" pattern on the 4-hour chart.
* Open Interest: Derivatives data shows a 18% spike in Open Interest to $1.82 billion, suggesting that traders are positioning for a breakout toward the $25-$26 range.
Strategy: HYPE is currently "grinding"
#HYPE #Hyperliquid #DeFi #CryptoTrading #Grayscale #BreakoutSignal
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