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- HYPE gains 6.7% with strong volume and rising market cap.
- Adam & Eve pattern and long-heavy positioning suggest breakout potential.
- Key levels: $42.75 for momentum, $50.64 as near-term target.
Amid widespread altcoin volatility, Hyperliquid (HYPE) has posted an impressive 6.7% gain, trading near $41.28 with a market cap climbing to $13.9 billion. A surge in trading volume by 57.58% indicates robust intraday participation and renewed investor interest. While many risk assets struggle, HYPE is attracting strong buy-side strength in both spot and derivatives markets, highlighting selective trader rotation toward high-potential tokens.
Adam and Eve Pattern Signals Early Momentum
HYPE’s chart reveals a developing ‘Adam and Eve’ structure, indicating potential breakout momentum. The Adam portion forms a sharp V-shaped reversal from a triple-bottom demand zone, while Eve establishes a gradual, rounded base. Support around $38 is being defended aggressively, with attempts to reclaim $42.75 serving as a key short-term sentiment marker. Successful consolidation above this level could open the path to $50.64, and potentially $60.05 if bullish pressure continues.
Open Interest and Trader Positioning Strengthen Bullish Case
Open Interest (OI) has surged 10.89% to $1.77 billion, reflecting heightened speculative engagement. Top traders on Binance show a decisive long bias, with 66.78% of positions in longs against 33.22% in shorts, resulting in a long-short ratio above 2.0. Positive funding rates at 0.01991% further demonstrate buyer control, reinforcing the bullish outlook while signaling that traders are confident enough to pay for continued long exposure.
HYPE Eyes Higher Targets
Hyperliquid’s resilience amid broader market weakness highlights its strong breakout potential. The alignment of the Adam and Eve structure, rising OI, long-heavy positioning, and sustained positive funding rates suggests a continuation toward $50.64, with $60.05 as an extended target. Traders should monitor key levels closely while maintaining disciplined exposure to manage volatility risks.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: Hyperliquid [HYPE] Nears All-Time High After $25M Inflows
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
