Hyperliquid's token HYPE has fallen over 12% from its all-time high of $76.70 due to profit-taking and a bearish double-top pattern forming on the 4-hour chart. Key support levels to watch are near $65 and $62, with potential for further declines if the $64.8 neckline breaks. The drop follows a strong rally fueled by derivatives activity and tokenized SpaceX exposure but faces pressure from a hawkish Fed stance and recent token unlock increasing supply. Traders are cautious as liquidation clusters between $70 and $72 create volatility, and momentum indicators show weakening. Recovery above $70-$72 is needed to reverse the bearish trend, otherwise, the price may test lower supports in the mid-$50 range.
Hyperliquid (HYPE) is rapidly strengthening its market position, especially in derivatives trading, where it generates over half of Solana's futures volume despite having less than half its market cap. While Solana still leads in market cap and ecosy...
Crypto markets experienced $298 million in leveraged liquidations, primarily in Bitcoin and Ethereum, alongside $90 million in outflows from U.S. spot Bitcoin ETFs. This reflects a broader trend of risk reduction and deleveraging across major cryptoc...
U.S. spot ETFs for Solana (SOL) and XRP (XRP) attracted modest inflows on June 18, driven mainly by Bitwise’s ETFs, indicating selective institutional interest. XRP spot ETFs recorded $2.55 million in net inflows, contributing to a cumulative $1.45 b...
Bitcoin fell below $63,000 amid a broad sell-off in global risk assets, reversing gains made earlier in the week due to optimism over the US-Iran peace deal. Other major cryptocurrencies like ether, XRP, and solana also declined. Market watchers warn...
Hyperliquid (HYPE) surged to a record high of $76.95 on June 16, gaining about 179.45% year-to-date despite a weak broader crypto market. Large investors, or whales, have resumed accumulating HYPE after a period of selling, signaling renewed confiden...
