🚀 $HYPE Hits New ATH at $44.69!
🔸 The native token of #Hyperliquid just broke its all-time high, signaling strong momentum as it eyes the $50 mark next. 📈
🔹 Backed by explosive growth in its Layer-1 ecosystem:
• $2.53B TVL (+80% in 30 days)
• $3.73B stablecoin supply
• $246.8B in monthly perp volume, dominating the decentralized derivatives market
🔹 Bullish signals stacking up:
• Breakouts from bullish pennant & flag patterns
• Cup-and-handle breakout above $35
• Rising MACD & RSI = strong buying pressure
🔹 But watch out ⚠️:
• Whale profit-taking underway (e.g., $13.7M unrealized gain)
• Over 50% of margin positions are short on Coinglass
• Short-term volatility likely, though long-term momentum remains intact
🧠 If support holds, $50 is next. If it fails, a dip below $35 could flip sentiment bearish.