$3.6 mln HYPE leaves exchanges: Is a major rally on the horizon?
Main Idea
Hyperliquid (HYPE) shows signs of potential accumulation and a bullish reversal as $3.6 million worth of HYPE leaves exchanges, with technical indicators suggesting a possible 45% price surge.
Key Points
1. $3.6 million worth of HYPE has left exchanges, indicating potential accumulation.
2. HYPE's RSI is at 49, and its OI-Weighted Funding Rate is 0.0082%, showing a bullish bias among traders.
3. HYPE has tested an ascending trendline four times since May 2025, a bullish sign for token holders.
4. Technical analysis suggests HYPE could surge 45%, potentially reaching $60.
5. HYPE's trading volume has increased by 30% compared to the previous day.
Description
With the price drop, Hyperliquid not only retested the breakout but also reached a key price reversal level.
$HYPE
$44.165
+4.55%
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