Hyperliquid (HYPE) price fell nearly 30% after a strong rally but found support near $50, its 200-day EMA. The token has since rebounded to around $56 and is testing resistance at the 50-day EMA near $58, a critical level linked to past support-turned-resistance. While the recovery eases bearish pressure, technical indicators and declining trading volume suggest cautious buying and a still-corrective trend. A decisive break above $58-$60 could signal stronger bullish momentum, while failure to hold current levels risks another drop toward $50 support.
Jeff Yan, founder of Hyperliquid, has proposed that U.S. regulators focus on market operators rather than the blockchain technology itself to enable legal access to Hyperliquid in the U.S. This approach aims to shift compliance responsibilities to id...
Arthur Hayes, BitMEX founder, acknowledged that Hyperliquid has successfully proven demand for on-chain perpetual futures markets with a working product and active trading volume. However, he warned that HYPE has become a crowded consensus trade, red...
Trader Boomer had about $30.55 million in short positions on the Hyperliquid platform as of October 23. Among these, a position in HYPE valued at approximately $2.53 million was down by around $39,700. This HYPE position accounted for less than one-t...
Arthur Hayes, founder of BitMEX, expressed skepticism about the investment potential of Hyperliquid's HYPE token due to increasing competition among decentralized perpetual futures platforms. While he acknowledges strong demand for Hyperliquid's trad...
On October 23, Binance Coin (BNB) increased by 1.78% to $746.17, showing positive momentum in the digital asset market. Meanwhile, Ether (ETH) remained stable at $2,402.89 with no change over 24 hours, indicating a period of price consolidation. Hype...
