HYPE: Top 10 Contender? 👀

My dear reader, have you heard whispers of Hyperliquid? It seems this token is causing quite a stir, with both its charts and its underlying principles aligning in a manner most auspicious. After weeks of steady growth in volume and total value locked, the token has now reclaimed a major resistance level and is holding it with the confidence of a well-bred gentleman at a ball. 🎩

Hyperliquid: A Structure Most Sound

Hyperliquid, it appears, is quietly establishing itself as one of the more structurally sound names in the L1 space. The latest chart from HYPE highlights a strong uptrend that has been respected since March, with clear higher lows and sustained volume activity around key levels. One might say it’s as reliable as a well-made carriage. 🚗

And the on-chains? They too are beginning to align behind this move. With 97% of trading fees being used to buy back HYPE, and Total Value Locked (TVL) pushing to fresh highs, the protocol is now feeding its own momentum. It’s like a snowball rolling downhill, gathering size and speed with each rotation. ❄️

Buybacks: A Most Astute Strategy

The Assistance Fund buybacks are playing a critical role in reinforcing HYPE’s uptrend. This latest chart from Kidponga shows a sharp rise in USD amounts spent on buybacks, now consistently printing above $4M per day, with average prices climbing higher. One might say it’s a most astute strategy, like a shrewd investor snapping up undervalued jewels. 💎

It’s the consistency of the intervention that stands out. These sustained purchases help reduce the circulating supply while steadily building price floors, giving HYPE a rare advantage. It’s like having a secret weapon, wouldn’t you say? 🤫

HYPE Reclaims Range High: A Triumphant Return

HYPE just reclaimed a key range high on the 4-hour chart, as highlighted by Natalia, pushing back above the $45 to $46 zone that previously acted as local resistance. The price action shows a clean retest and reclaim of the level, supported by a steady buildup of volume in the visible range profile. It’s a triumphant return, like a prodigal son welcomed back with open arms. 🎉

This is a structured push from a well-defined base around $42, where prior demand continues to hold. This breakout aligns well with the bigger structure. The higher timeframe trend remains intact, and this reclaim could act as a springboard towards the $50 to $52 zone if momentum holds. One can only hope, can’t one? 🙏

Inverted View: A Hidden Strength Revealed

At first glance, Wayne’s chart looks like a classic Sunday selloff, but flip it around, and the picture changes completely. This is an inverted chart, and what it shows is a clean breakout from a descending trendline, followed by a retest that’s holding firm near $45.00. In technical terms, that’s a strong show of breakout. It’s like discovering a hidden treasure, wouldn’t you agree? 💰

The moving averages are trailing the price. In reality, HYPE price is trading above both the dynamic levels, a positive sign that medium-term strength is intact. This retest-then-hold dynamic levels reinforces the prior analysis: HYPE is not just reacting to hype. It’s maintaining technical structure in line with its growing fundamentals and showing signs of further upside. It’s a most promising development, indeed. 🚀

Could HYPE Be Eyeing ADA’s Market Cap?

With momentum building both on the charts and in its token economics, HYPE’s growing market presence is starting to invite bigger comparisons. The coinmarketcap highlights that HYPE would need to hit $88 to flip Cardano in market cap terms. Now, this comparison doesn’t imply an immediate flip is coming, but it does underline the shift in sentiment. Where ADA has been a mainstay for years, HYPE is now pulling in deeper liquidity, increasing buyback intensity, and capturing attention across both L1 tech and DeFi verticals. If this pace holds, and structural strength continues to back it up, HYPE may keep climbing up the ranks faster than most expect. It’s a race to the top, my dear reader, and HYPE is certainly making a strong showing. 🏆

What’s Next for Hyperliquid Price?

With key levels reclaimed and momentum ticking up across volume, TVL, and buybacks, Hyperliquid now sits at a pivotal point. The structure is solid, the fundamentals are reinforcing the chart, and sentiment is quietly shifting in its favor. If buyers can keep the price anchored above $46, it would open the upside towards $50 to $52 once again. Only time will tell, but one thing is certain: Hyperliquid is a token to watch. 👀

2025-07-21 02:33