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Hyperliquid faces bearish pressure but token buybacks and Binance withdrawals hint at a possible $100 rally.

Technical Signals
10 Nov 2026, 07:00 WIB
AMBCrypto
View Source
Neutral
Hyperliquid faces bearish pressure but token buybacks and Binance withdrawals hint at a possible $100 rally.

Hyperliquid's price recently dropped below $75 amid bearish signals, including a large whale moving $39.3 million worth of tokens to an exchange, suggesting potential selling pressure. However, Binance has reopened withdrawals for HYPE tokens, which could reduce exchange supply and create a supply squeeze. Additionally, ongoing buybacks burning over $1 million of HYPE tokens daily support a potential recovery. These factors raise the possibility of a bear trap and a rally toward $100 later this year despite current bearish trends.

Hyperliquid (HYPE) has a market cap of Rp338.48 trillion and a 24-hour trading volume of Rp21.01 trillion on Pluang as of Nov 10, 2026, 12:11 WIB. The token's circulating supply is 27% of the total, with Pluang users showing a strong buy interest at 67% of order activity. Despite recent bearish signals in the news, HYPE's price on Pluang is up 0.60% at Rp1,355,746, reflecting ongoing investor engagement and potential for recovery.

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