🚀 HYPE’s Wild Ride: $28 or Bust? 🌪️

by

So, there you are, minding your own business, sipping your intergalactic tea, when suddenly, HYPE (Hyperliquid, not the feeling you get when you find a forgotten sandwich in your pocket) decides to take a nosedive. 🪂 Sellers are having a field day, tightening their grip like a Vogon at a poetry reading. The poor token can’t seem to claw its way back to the $48-$50 resistance zone, and every time it tries, it’s met with the financial equivalent of a wet blanket. 🧊 Despite its strong fundamentals and buybacks that would make a hoarder proud, momentum is about as lively as a three-day-old space buffet. Looks like HYPE might need to take a little vacation to the $30-$28 support range before it even thinks about bouncing back. 🏖️

HYPE’s Bearish Structure: A Tragedy in Three Acts 🎭

Sjuul, the oracle of charts, has spoken: Hyperliquid is stuck in a lower-high, lower-low pattern-basically, the financial version of a never-ending spiral down a drain. 🌀 Every time it tries to break free, it’s rejected like a bad pickup line at a robot bar. The chart is a masterpiece of misery, with momentum fading faster than a hitchhiker’s hopes on the Magrathea Expressway. 🚀

Technically, HYPE is trapped between $32 and $48, like a space tourist in a budget spaceship. If it can’t reclaim the higher end, it’s headed for a $28 retracement. So, grab your towel and don’t panic-patience is key, unless you’re a Vogon, in which case, panic all you want. 😱

Key Levels: Where the Magic (or Tragedy) Happens ✨

The weekly chart is whispering sweet nothings about a wick retest to the $25-$30 zone, where liquidity clusters are waiting like old friends at a reunion. 🥳 After multiple rejections from $60, HYPE might need to revisit its historical base before it can think about a comeback. The gray zone around $20-$30 is the financial equivalent of a safety blanket-if it sweeps through with a recovery wick, it could be the last hurrah of this correction. Until then, downside risk is as prevalent as bad decisions at a galactic party. 🍸

Keep an eye out for a weekly close above $40-that’s the signal to stop hyperventilating. 🧘

Buybacks: The Silver Lining in a Cloud of Despair ☁️

Amidst the chaos, Hyperliquid’s fundamentals are shining brighter than a Heart of Gold. 💎 The protocol is raking in $3M-$6M daily, with 97% going toward buybacks. That’s right-it’s basically eating its own tail to stay alive, and it’s working. This capital recycling is the financial equivalent of a safety net made of diamond. 💎

When the crypto market finally stops acting like a moody teenager, HYPE is poised to be the life of the party. Its revenue-backed structure and tokenomics are the envy of every other token in the galaxy. 🌌

Long-Term Value: The $29-$19 Sweet Spot 🍬

Mocho17, the crypto sage, has identified a high-value buy zone between $29 and $19. This is where the magic happens-or at least, where previous rallies started. The RSI is cooler than a Frood with a towel, suggesting a reaccumulation setup once the selling pressure fades. 🧊

This corridor aligns with the weekly order block and historical volume support, making it the financial equivalent of a prime parking spot. A clean reaction here could be the foundation for HYPE’s next big move. 🚀

Final Thoughts: Will HYPE Rise Again? 🌅

Hyperliquid’s short-term structure is as fragile as a glass spaceship, but its on-chain and fundamental strength are like a trusty towel-always there when you need it. The charts are pointing to a final retest between $29 and $19, a zone that’s historically been the launchpad for aggressive recoveries. 🚀

While the trend is bearish, Hyperliquid’s steady revenues and buyback ratio are like a warm hug in a cold universe. If the market stabilizes and HYPE reclaims $40-$45, a trend reversal to $60+ isn’t just possible-it’s practically inevitable. So, don’t forget to bring your towel. 🛠️

Read More

2025-11-05 01:33