As the markets began their weekly dance, the Hyperliquid price, with the grace of a prima ballerina, pirouetted to new heights, reaching the dizzying sum of $44.76. The token, like a well-received play, remained the talk of the town throughout the week, boasting gains of over 25%. The air is thick with the scent of optimism, as traders, with their eyes on the prize, whisper of a bullish future for HYPE. After all, what is life without a little speculation and a dash of hope? 🌟
Hyperliquid CEX: Open Interest Marks New Highs
Open interest, the darling of market analysts, has marked a new All-Time High (ATH), a testament to the growing enthusiasm and the influx of new players. It’s as if the market has become a grand stage, with more and more actors entering the fray, each with their own script—long or short, the drama continues. The increased activity suggests a market that is not only more active but also more liquid, a perfect setting for a thrilling performance. 🎬
Data from Coinglass, the oracle of the digital realm, reveals that the open interest has soared to over $1.83 billion, a figure that speaks volumes about the traders’ unwavering interest in HYPE. The rise in open interest, coupled with the ascent of the price, paints a picture of a market that is bullish, to say the least. It’s as if the traders have collectively decided that HYPE is the star of the show, and they are all eager to see how the plot unfolds. 🌈
Future Trade Count & Volume Raises Concerns
The future trade count, the number of trades for HYPE on the exchanges, and the future volume, the USD volume, have both taken a nosedive in recent days, a development that could send shivers down the spine of even the most seasoned trader. 🕵️♂️
Data from Messari.io, the digital detective, shows a precipitous drop just before the price soared to a new ATH above $44. Despite this meteoric rise, the levels failed to rebound, suggesting that the future trades may have taken a pause, perhaps to catch their breath. This could indicate that the traders have, for the moment, placed their bets, and the market is holding its breath in anticipation of the next move. 🎭
What’s Next? Will HYPE Price Reach $50 in the Next 24 Hours?
Hyperliquid price, like a determined explorer, has broken through all barriers and entered the discovery phase, a realm where new heights are not just possible but almost inevitable. The token has weathered a significant correction, a test of its mettle, and now stands under the influence of a bullish force. The technicals, those wise old sages, remain bullish, and the Hyperliquid price is expected to maintain its steep ascent, discovering new highs along the way. 🚀
The chart, a map of the token’s journey, shows a steep ascending trend, surpassing the 1 FIB level at $43.6. This achievement has unlocked the possibility of reaching the 1.2 FIB at $52.99, a level that would mark a significant milestone. The MACD, with its bullish divergence, and the CMF, now in the positive range, are both indicators that the Hyperliquid (HYPE) price is expected to maintain a healthy upswing. However, the drop in volume, a subtle whisper of caution, reminds us that even the most promising journeys can have their moments of doubt. 🤔
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2025-06-16 15:26