Dearest Wallflowers: The Witty World of HYPE’s Price Exaggerations!

by

Welcome to the Darling Side of Shorting

HYPE, in a theatrical fifteen percent descent, whispers to us about extended pullbacks, hinting slyly at extra shorting flourishes. How divinely dramatic!

Hyperliquid [HYPE] presents itself, a certain coquette, coyly flitting within its $36-$50 stage in the third act. At the very moment I write, short sellers – ever the confident courtiers – boast a bailiwick of 16% after a grand flourish at the $50 high in mid-August. Oh, the scintillating drama of the markets!

Yet, the emboldened bears may yet see a further sixteen percent of gain if HYPE, in a fit of melancholia, retreats to the lows of $36. But do take heed, dear speculators, for nuances abound for both your beloved bears and those patiently anticipating a discounted introduction.

A Supertrend’s Bold Debut as the Castle’s Critic

HYPE Supertrend

On the timepiece of the 4-hour chart, the RSI and OBV lend their dramatic flair to the bearish troupe. The price, artlessly dropping below $42, arranges the scene for eager short sellers should the act close below this level on more than a whim. Further descent to the $36 mark whispers promises of another act for shorting enthusiasts, especially should the venerable Jerome Powell don a hawkish costume at the esteemed Jackson Hole Symposium. 🦅

The 30-day liquidation heatmap also presents a cameo, promoting our illustrious scenario.

In the realm of lower price action, pockets of liquidity and their tantalizing magnets rest at $40 and $37.3. On the more vivacious side, magnetic allurements dance at $45 and $50. Thus, a grand liquidity sweep might serenade the bears with an encore. However, should the mid-range be reclaimed with fervor, the short thesis might promptly take its final bow.

Is HYPE the Undervalued Virtuoso?

As promised, for the gallant long-term buyers, HYPE plays a hidden virtuoso, potentially undervalued through the muse of SWPE (supply weighted profit to earnings ratio).

This charming indicator plays market cap against protocol earnings, whose ear the HYPE buyback program listens to keenly. Lower readings suggest a rapturous applause and undervaluation.

SWPE Ratio

The playwright’s quill marks a SWPE reading of 3.19 – a declaration that makes a splendid case for long-term spot buyers.

When the curtains close on our frivolous scene, HYPE giveth an enigmatic performance: a promising tableau for the fundamentally inclined, yet a shorting charade for the chart-savvy trader. One might say, such a character is a canvas for opulence and opportunity – all at once, of course! 😇

Read More

2025-08-21 09:14