HYPE’s Dramatic Plunge: Will It Sink or Swim? 🤔💸

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Ah, the brevity of wisdom!

  • HYPE, that capricious creature, has been spurned at the lofty heights of $50, with the astute analysts now casting their gaze toward the murky depths of $39.
  • In a rather theatrical twist, Hyperliquid’s Assistance Fund has gallantly swooped in to reclaim $29 million in HYPE, elevating their buybacks to a staggering $540 million. Bravo!
  • As the plot thickens, the Total Value Locked (TVL) has rebounded to a princely $635 million, while the daily revenue of holders remains a robust $2 million since the sunniest days of June.

The Price Reversal: A Tragic Comedy

Alas! Hyperliquid (HYPE) has taken a tumble after failing to maintain its regal position above the $48-$50 mark. Like a tragic hero, it has succumbed to the same fate as before. The ever-keen analyst, Ali Martinez, suggests we keep our eyes peeled for the next act at $39.

At the time of this literary endeavor, HYPE was languishing around $42, down 4% in the last 24 hours and 3% over the week. It has slipped through the fragile support of $44-$45 like a thief in the night.

Charts, those fickle oracles, indicate $39 as the next clear line of demarcation, with heavier support lurking at $36-$37. A triumphant return above $46 would surely delight the bulls, while a breach over $50 might just reset the entire narrative.

After a rejection at the pinnacle of the channel, Hyperliquid $HYPE now sets its sights on $39!

– Ali (@ali_charts) August 18, 2025

Market Perspectives: A Comedy of Opinions

Yet, not all is doom and gloom! The ever-optimistic Hydraze has dubbed HYPE “the most comfy ALT hold in crypto this year,” urging long-term holders to remain steadfast in their seats.

Meanwhile, Hyperliquid News has reported that the Assistance Fund has repurchased over $29 million in HYPE, pushing total buybacks above a staggering $540 million. Last week, the illustrious CryptoPotato proclaimed that the latest ascent was “led by spot buying,” with the fund absorbing supply like a sponge. Expect buybacks exceeding $5 million a day to continue, dear reader!

On-Chain Activity: The Unyielding Spirit

Beyond the capricious price, the network data reveals a rising tide of usage. Hyperliquid recorded a magnificent $635.94 million in total value locked on August 19, alongside a delightful $3.54 million in holders’ revenue. The TVL has more than doubled since the dark days of April, when it languished below $300 million.

Holders’ revenue has remained steadfast, with daily figures often surpassing $2 million, peaking near $7 million. Such growth is a testament to the unwavering demand for the platform’s services, despite the tempestuous nature of the token.

Charts now point ominously lower, with $39 the level of intrigue. Yet, the continued buybacks and robust revenue may serve to cushion the fall. Traders, ever the spectators, are watching with bated breath to see if HYPE will stabilize or plunge further into the abyss.

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2025-08-19 17:59