$HYPE — Structural breakout confirmed, fundamental catalysts peaking.
Long $HYPE
Entry: 27.30 – 28.20
SL: 26.03
TP1: 30.6
TP2: 32.9
HYPE is signaling a major trend shift after successfully breaking out of its month-long descending channel and reclaiming the 50-day EMA at $27.32. The recent surge in HIP-3 open interest to $793M highlights a massive influx of capital into Hyperliquid's commodity and RWA perpetuals, shifting the narrative from a supply-overhang sell-off to utility-driven accumulation. With the protocol's 97% fee-burn mechanism exerting constant deflationary pressure, the current consolidation above the $27.30 support level serves as a high-confluence entry point. We expect this bullish momentum to clear local resistances and target the $32.9 liquidity zone as the next leg of the derivatives rotation gains steam.
Trade $HYPE here 👇
