Hyperliquid\u2019s native token has stolen the show from the larger-cap alts, rocketing by over 20% at one point to its highest price level since last October at $47.\u00a0On this impressive way up, the token added roughly $2 billion to its market capitalization and neared the top 10 alts by that metric.<\/p>\n
Coinbase appears to be the most likely candidate for the biggest contributors to this surge after announcing<\/a> that it had expanded support for USDC on Hyperliquid by becoming the official treasury deployer of the stablecoin under the DEX\u2019s Aligned Quote Asset (AQA) framework.<\/p>\n 21Shares\u2019 HYPE ETF debuted<\/a> earlier this week, which was also a positive development, while another one is set to launch today from Bitwise.<\/p>\n In addition, the US Senate Banking Committee voted to advance the Digital Asset Market Clarity Act, which gave the entire crypto market a notable price push.<\/p>\n Ali Martinez was among the first analysts to weigh in on HYPE\u2019s massive surge. As he usually does, he based his X post on the TD Sequential, a metric used to determine whether the underlying asset has exhausted its move in either direction.<\/p>\n Martinez noted<\/a> that the indicator had caught HYPE\u2019s rebound from $22 to $44 over several months but has now flashed a major sell signal. It could lead to some profit-taking and perhaps drive the asset south to $36 or even $33.<\/p>\n Crypto Patel shared a similar opinion and warned traders to be wary of potentially getting \u201ccaught on the wrong side of HYPE.\u201d The analyst believes that if the token fails to overcome $46, the roadmap looks quite painful:<\/p>\n $33 \u2192 First Meaningful Reaction<\/p>\n $30 \u2192 Where I\u2019m Actually Interested (Bullish OB + 0.5 Fib Confluence)<\/p>\n $27 \u2192 Golden Pocket, Deeper Liquidity<\/p>\n $24 \u2192 The Floor I Don\u2019t Expect To See, But It\u2019s There<\/p>\n However, Patel added<\/a> that if HYPE manages to break past $50, then this model will be invalidated, and they will flip their own view.<\/p>\n Fellow analyst GA Crypto was also cautious, but also outlined a specific 20\/80 ratio regarding HYPE\u2019s potential to post a new all-time high. They noted that there\u2019s a 20% chance of surging past $59, which was the peak reached last September, and an 80% probability \u201cto go down and grab lower liquidity.\u201d<\/p>\n They warned<\/a> investors to be careful when interacting with tokens that have experienced such dramatic price increases in a relatively short time period.<\/p>\n The post Hyperliquid (HYPE) Explodes by 20% in a Day but Red Flags Appear<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Hyperliquid\u2019s native token has stolen the show from the larger-cap alts, rocketing by over 20% at one point to its highest price level since last October at $47.\u00a0On this impressive way up, the token added roughly $2 billion to its market capitalization and neared the top 10 alts by that metric. Coinbase appears to be […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-166019","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/166019"}],"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=166019"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/166019\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=166019"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=166019"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=166019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}The Warning Signs<\/h2>\n
The 20\/80 Ratio<\/h2>\n