HYPE reclaims $40 with $8.6M whale buy – Can it break ATH soon?

• More than 200,000 hype tokens have been obtained from the market, which added fresh liquidity to the system.
• Futures traders share a common view – they affect the rally for the hype.

Over the past 24 hours, Hyperliquide [HYPE] She maintained her bull trajectory, gained 6.58% and regenerated a level of $ 40 after a short pullback.

Analysis of the market sentiment suggests that the inflow of liquidity throughout the market could help Hype to revise its previous historically maximum. This could develop this way:

Bull force reappears when the whale of the hype enters

One of the most profitable whales has appeared on the market in the last 24 hours and seemingly preparing for a significant move.

Whales – Investors known to hold a large amount of liquidity – can affect the market depending on their business activities.

A whale known for the implementation of profits for hyperliquid of $ 8.44 million has re -entered the $ 8.66 million at the time of writing at the time of writing.

This wave seems to have affected the wider market. According to Ambcrypto, interest among Futures investors has increased as a position to increase asset.

Futures merchants accumulate to buy

Traders with retail futures started to enter and placed long positions in anticipation of further up.

At the time of writing, the rate of financing hype on Coinglass Over the last 24 hours, increased activity increased to 0.0084%.

A positive and increasing financing rate in general means that the purchasing pressure surpasses the futures market, because most traders expect continuing move up.

In addition, market liquidity has increased and has opened more positions in the last 24 hours.

The open interest – which reflects the liquidity based on active shrinks – has increased by 4%, now costs $ 1.84 billion.

This increase in liquidity in combination with a positive financing rate indicates renewed bull momentum among market participants.

The current increase in the volume volume further supports the current rally. The volume reached $ 1.56 billion, which since June 26 refers to its highest point.

The lasting increase in the volume of trading, together with the movement of prices, indicates an increase in business activities, while derivative traders realize more profits.

Can the hype break out around historically high?

The daily graph analysis shows that despite the prevailing bull sentiment, hype sits at a critical moment.

The asset is currently traded in an ascending triangle – a well -known bull formula characterized by a growing line of support and horizontal resistance.

The price action turned to the level of resistance. If the purchasing pressure exceeded the sale in this zone, Hype could get back its historically highest $ 45.80.

Continued momentum upwards can lead to another 41% increase towards $ 56.

However, if the market sentiment weakens, the hype could remain limited in the triangle for a longer period of time.