Crypto news

The HYPE Game – Why This Token’s Next Move Could Shock the Market!

BBG News
  • HYPE faces a major supply wall with shorts positioning for a reversal
  • SUI lost its 11th spot as HYPE added $6.86 billion in market cap within a month

Ah, the sweet scent of a market on fire – and Hyperliquid (HYPE) is leading the charge, attracting cash like moths to a flame. According to AMBCrypto, this isn’t just a random spike – it’s a very deliberate, very strategic move. With a 110% month-over-month ROI, you could almost hear the sound of champagne corks popping.

Meanwhile, poor Sui (SUI) has become collateral damage in this crypto war, losing its 11th spot to HYPE. A mere $6.86 billion market cap boost for HYPE over the last month – it’s like PEPE’s entire market cap just got swallowed up. Yikes. Talk about growth spurts.

Now, let’s talk about supply walls – the ever-so-tempting challenge. Shorts are loading up, thinking they’ve found the perfect spot to bet against HYPE’s upwards trajectory. But here’s the real question – will they be the ones who’ll pull the rug out from under HYPE or is it just going to be another dramatic, explosive leap? I’ll let you decide.

Betting Against the Trend – Smart Move or Risky Bet?

According to Coinglass (4H), 60.7% of accounts are betting bearish – that’s right, shorts are circling like hungry vultures. But let’s be real here, shorts are probably feeling confident. HYPE’s just 4.44% away from a new all-time high. Traders are hopping in, hoping for a classic reversal – textbook timing, or just another overhyped move?

And then, of course, there’s the RSI. Hovering at 85 – “overbought,” anyone? Meanwhile, the price has already dropped 2.58% intraday, landing at $37.53. Oh, the sweet smell of volatility! Not exactly the perfect place to be when you’re trying to predict the next move.

But wait, here comes the fun part: A whale, once asleep, just woke up and made a move. A nice, tidy $26.58 million investment in HYPE between December 2024 and January 2025. Flash forward to this week, and this whale offloaded 395,000 HYPE tokens at $36.69, raking in a cool $14.51 million. The party’s just getting started, though. The whale still has a stash of 1.05 million HYPE – worth $40.5 million. Talk about playing the long game.

Unlike previous short attempts, this wave of short positioning feels less like a guessing game and more like a calculated play. The bears may have finally figured it out. Smart money? Or just good timing? Let’s hope they’re not betting on a unicorn.

Why FOMO is HYPE’s Greatest Catalyst

Ah, FOMO – that delicious feeling when you realize you might have missed out, and then scramble to catch up. Right now, the HYPE bulls are absolutely living the FOMO dream, playing by the ‘bull market’ playbook. After one whale made their multi-million dollar exit, the panic was real – but guess what? The tables turned almost immediately.

In fact, Lookonchain data revealed that three new, deep-pocketed players jumped in and scooped up 137,921 HYPE tokens, worth a collective $5.33 million. Their buy-in? A rather confident $38.50. Short-term volatility may show its face – but FOMO is alive and well, and that’s HYPE’s secret weapon. Forget the shorts; it’s all about the fear of missing out!

So, while the shorts might think the coast is clear, there’s a whole lot of accumulation near resistance. One short squeeze and boom – a powerful breakout. A new all-time high is just a heartbeat away. Get ready for the ride!

Read More

2025-05-26 19:06

Previous post Kerry Katona Finds Love Again After Breakup on Celebs Go Dating
Next post NetherRealm confirms no more Mortal Kombat 1 DLC – What’s next?