{"id":117659,"date":"2025-12-03T18:19:24","date_gmt":"2025-12-03T18:19:24","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=117659"},"modified":"2025-12-03T18:19:24","modified_gmt":"2025-12-03T18:19:24","slug":"hype-ready-to-rip-double-bottom-eyes-48-target","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=117659","title":{"rendered":"HYPE Ready to Rip? Double Bottom Eyes $48 Target"},"content":{"rendered":"

Hyperliquid (HYPE) is trading at around $34, with daily volume at $480 million. The token is up 9% over the past 24 hours, while posting a slight drop over the last seven days.<\/p>\n

After testing the $30\u2013$33 support zone again this week, the price bounced and is now moving toward resistance around $36.<\/p>\n

Support Zone Holds as Price Attempts a Reversal<\/h2>\n

HYPE has tested the same support area several times since June. Each time, the price held, and short-term buyers stepped in. The current chart shows two recent lows near this range, suggesting a double-bottom pattern may be forming.<\/p>\n

CryptoPulse noted<\/a>,<\/p>\n

\u201cThis level has acted as a strong bounce area multiple times \u2014 and if price holds here, we could be looking at a potential double-bottom reversal pattern forming.\u201d<\/p>\n

If the pattern plays out, a break above the $36\u2013$38 resistance area would be needed. That level acted as a barrier in previous rallies. If cleared, the next targets<\/a> could be $40 and $50 in the coming weeks.<\/p>\n

Interestingly, the MACD line has crossed above the signal line. The MACD reading is 0.098, while the signal line sits at -1.87. The histogram is now positive, showing early signs of momentum shifting.<\/p>\n

<\/a>Source: TradingView<\/p>\n

The RSI is at 45 and rising above its own moving average of around 40. While still below 50, this shows improving short-term momentum. Neither indicator shows strong trends yet, but both reflect a change from recent weakness.<\/p>\n

Futures Traders Return as Open Interest Rises<\/h2>\n

Futures open interest has increased to $1.57 billion after falling sharply in late November. This shows that more traders are opening positions as the price begins to recover. A rise in both price and open interest often signals growing market participation.<\/p>\n

<\/a>Source: Coinglass<\/p>\n

Earlier periods with similar setups led to short-term rallies. But in past cases, quick jumps in open interest without follow-through in price have also caused liquidations. Current conditions suggest traders are positioning for a possible breakout, while watching for price confirmation.<\/p>\n

Meanwhile, Hyperliquid Strategies is expected to begin trading on Nasdaq under the ticker $PURR. The fund will hold 12.6 million HYPE tokens and $300 million in cash reserves. It will operate as a treasury reserve tied to the Hyperliquid ecosystem.<\/p>\n

Hyperliquid Daily reported<\/a>,<\/p>\n

\u201cHyperliquid Strategies will operate as a HYPE token treasury reserve, holding approximately 12.6 million $HYPE tokens and $300 million in cash.\u201d<\/p>\n

The move follows approval<\/a> of a merger with Nasdaq-listed Sonnet, potentially creating a $1 billion digital asset treasury.<\/p>\n

The post HYPE Ready to Rip? Double Bottom Eyes $48 Target<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Hyperliquid (HYPE) is trading at around $34, with daily volume at $480 million. The token is up 9% over the past 24 hours, while posting a slight drop over the last seven days. After testing the $30\u2013$33 support zone again this week, the price bounced and is now moving toward resistance around $36. Support Zone […]<\/p>\n","protected":false},"author":0,"featured_media":117660,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-117659","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/117659"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=117659"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/117659\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/117660"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=117659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=117659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=117659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}