Is Hyperliquid About to Smash the Charts? HYPE Reaches Unthinkable Heights!

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Key Revelations (Oh, the Drama!):

  • Hyperliquid’s open interest skyrockets to an eye-popping $997.5M (thanks to CoinGlass – what a ride!).
  • HYPE price surges by a whopping 22% in just 7 days, now sitting at a tantalizing $30.72 (someone’s making money!).
  • RSI at 76.76 and MACD crossover waving the “overbought” flag (TradingView warns us all).
  • OBV and CMF charts showing steady accumulation (capital’s coming in hot!).
  • Oh, and the whale? A stunning $18.88M loss on a 5x short (Lookonchain must be laughing). 💰💀
  • Analyst Perspective: Cautiously optimistic – unless $32.67 gets trampled with volume, we’re not safe just yet.

With Open Interest at near $1B and HYPE creeping past $30, traders are glued to their screens, waiting for the grand breakout. Will we retest $35? Whale liquidations and bullish signs scream “more!”

The HYPE/USDT Saga: Resistance or Opportunity?


What a month for Hyperliquid! A meteoric rise of nearly 96% from the April lows. The saga began with a tragic descent in February, when HYPE hit a low of $15.70 (back when people thought it was dead). Then came the rise — like a phoenix from the ashes — leaping to $30.72.

But hold on! The battle isn’t over. HYPE now faces the $32.67–$35.00 resistance zone, a place where dreams (or nightmares) could come true. Is it a resistance wall or a stepping stone to glory? The plot thickens!


With RSI at a jaw-dropping 78.20, we’re flirting with “overbought” territory. The MACD is crossing above the line like a dramatic soap opera moment, while the Bollinger Bands widen, giving us all the signals we need: yes, more momentum!

Not to mention the EMA stack (20/50/100/200) — like a perfect lineup in a crime drama, it’s in bullish formation. HYPE is comfortably above the 20-day EMA, a key support near $28.20. So, it’s like buying a dip, but not too far down.

The Battle for Volume & Capital: Bulls in Charge (For Now)


The capital inflow isn’t just a trickle; it’s more like a flood. CMF at +0.30 and a rising OBV scream that accumulation is on the rise. Oh, the bulls are having a field day!

Sure, the market’s hot right now, but let’s be real — buying at these levels? Risky. So unless we see a volume-backed breakout above $32.67 or a dip toward $28.20–$25.10, don’t get too excited. Bulls are dancing, but don’t let your guard down.

On-Chain Metrics: Whale Activity (Can We Trust Them?)


Open Interest is knocking on $1B’s door at $997.57M — pure chaos, my friends. Perpetual volume is spiking, and DEX activity is reaching new heights, with Hyperliquid leading the pack.




We even had a whale take a 5x leveraged short on May 22 (a bold move!). But the outcome? An $18.88M loss and liquidation looming at $32.67. Talk about poetic justice. 🐋💸

Meanwhile, another whale dropped an eye-watering $830M BTC long at 40x leverage. These whales are playing for keeps, folks!

Conclusion: $35 or Bust — But Keep Watching

The technicals are screaming breakout, with whales getting burned left and right. The uptrend is solid, and it’s only a matter of time before $35 is tested. But remember: a breakout above $32.67 is key. If it holds, we could be off to the races. If not, expect a pullback.

Bulls are still in control above $28.20. Just make sure your eyes are glued to that $32.67 zone. A breakout could confirm the ATH, but failing to breach it could mean a slower journey to the top.

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2025-05-22 14:25