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Breaking: $HYPE Coin Set for Another Breakout After New ATHIntroduction In the fast-paced world of decentralized finance (DeFi), GETTEX:HYPE is making waves once again. Days after reaching its all-time high (ATH) of $29, the token is showing signs of another bullish breakout. With its strong technical setup and solid fundamentals, traders and investors are closely watching as momentum builds for the Layer 1 decentralized exchange (DEX) token that offers up to 200x leverage. What is Hyperliquid? Hyperliquid represents a next-generation Layer 1 (L1) blockchain platform designed to revolutionize the DeFi space. At its core, Hyperliquid prioritizes performance, scalability, and user efficiency with its innovative features: 1. Custom Layer 1 Blockchain: Built from the ground up, Hyperliquid eliminates traditional blockchain bottlenecks, supporting a high throughput of 100,000 orders per second with block latency under 1 second. 2. HyperBFT Consensus Mechanism: A proprietary consensus inspired by Hotstuff ensures rapid transaction finality and robust security. 3. Fully On-Chain Order Book: Unlike most DEXs relying on off-chain solutions, Hyperliquid’s on-chain order book enhances transparency and trust. 4. Zero Gas Fees: Transactions occur without gas fees, significantly lowering the cost barrier for perpetual futures trading. 5. Native Applications: The flagship product, Hyperliquid DEX, facilitates perpetual futures trading directly on the L1 blockchain, positioning itself as a pioneer in on-chain perpetual exchanges. Hyperliquid’s self-funded approach ensures independence and focus, with a development team comprising alumni from Harvard, Caltech, MIT, and professionals from top-tier tech and financial firms. Market Performance and Metrics Hyperliquid’s impressive growth is backed by strong market activity: - Current Price: ~$28.10 (down 3.01% from ATH) - 24h Trading Volume: $353.4 million (+0.40%) - Market Cap: $9.5 billion (Rank #26 on CoinGecko) - Fully Diluted Valuation: $28.4 billion - All-Time Low: $3.81 (Nov 29, 2024) – Up 639% since its lowest point With a 107.1% price increase over the past 7 days, GETTEX:HYPE has significantly outperformed both the global cryptocurrency market (+8.8%) and its Smart Contract Platform peers (+8.4%). The token’s liquidity and trading demand remain robust, with centralized exchanges like KuCoin, BingX, and CoinW driving the bulk of its volume. The HYPE/USDT pair alone saw $13.5 million in trading volume on KuCoin in the last 24 hours. Technical Analysis On the daily chart, GETTEX:HYPE displays a bullish symmetrical triangle, a continuation pattern that typically precedes a breakout. - Current Price: ~$28.10 (up 4.45%) - Key Resistance: $29.03 (ATH) - Next Target: $35 - Potential Upside: A confirmed breakout could send GETTEX:HYPE soaring toward $50, representing a 50% move from its current level. Indicators Supporting the Breakout 1. Relative Strength Index (RSI): Currently at 59, the RSI signals plenty of room for further upward movement before entering overbought territory. 2. Volume Surge: A 33% increase in trading volume over the past 24 hours underscores growing bullish momentum. 3. Price Action: A move above the recent high of $29 would invalidate any bearish sentiment and likely trigger FOMO-driven buying. With GETTEX:HYPE consolidating near its ATH, the breakout scenario appears increasingly likely, given the strong technical and fundamental tailwinds. Conclusion Hyperliquid’s innovative Layer 1 blockchain and fully on-chain perpetuals exchange position it as a trailblazer in the DeFi space. With a combination of: - Strong fundamentals (zero gas fees, high throughput, and a top-tier team), - Exceptional market performance, - Bullish technical patterns (symmetrical triangle and RSI at 59), GETTEX:HYPE is set for another potential breakout. A move above $29 could trigger a surge toward $35 and beyond, with an upside target of $50 in sight. As always, investors and traders should proceed with caution, conduct thorough research, and stay alert for market developments. However, the momentum behind GETTEX:HYPE appears undeniable as it continues to capture the attention of the crypto world.
KUCOIN:HYPEUSDTLong
by DEXWireNews
PERP looks bullishPERP looks bullish. A bullish structure is visible on PERP. We will enter the nearest support and place the stop below the last L. If it returns to the green range, we can look for buy/long positions. The targets are clear on the chart. Closing a daily candle below the invalidation level will violate the analysis. invalidation level: 0.9883 Let's see what will happen. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
1
PERPUSDT.4HThe PERP/USDT 4-hour chart indicates a range-bound market, where the price is oscillating between the support at S2 and resistance at R1. The price recently rebounded from S2, suggesting that this level is acting as a strong support zone. The RSI is quite elevated, nearing the overbought territory at around 73. This could signal that the price might be reaching a point of temporary exhaustion, and a pullback or consolidation might be due shortly. The MACD is above the signal line and above zero, which is a bullish signal. However, the proximity to the signal line suggests that the bullish momentum could be losing strength. The current price is approaching resistance level R1. If the price breaks above R1, it could signal a continuation of the uptrend with the next target being R2. Conversely, if the price fails to break R1 and reverses, the support level S2 may again be tested. A break below S2 could indicate a shift to a bearish trend. In summary, as a trader, I would watch how the price reacts at R1. Given the RSI’s high level, I would be cautious of a potential pullback. A confirmed breakout above R1 could be a possible entry point, while a rejection at R1 could be a signal to anticipate a retracement.
Long
by MarsSignals
1
PERP has formed a Bullish pattern after the breakoutPERP has formed a Bullish pattern after the breakout 🔵Entry Zone 1.54056 - 1.58932 🔴SL 1.4136 🟢TP1 1.7128 🟢TP2 1.9900 🟢TP3 2.4700 Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments.
Long
by JosephMcKenzie
PERP/USDT Ready for a Leap to $3? 👀🚀PERP Analysis 💎Paradisers, gear up for a thrilling trading prospect with #PERPUSDT, strategically anchored at a crucial support zone, suggesting a bullish reversal is on the cards. 💎Venturing through #PerpetualProtocol's path, following a confrontation with significant resistance in the ascending channel, it's now on an upward trajectory from a critical support level at $1.13. 💎Holding firm above this support indeed clears the path for a bullish advance for #PERP. Direct your focus to the forthcoming hurdle, the resistance at $2.07, where breaching it could propel the price toward $3. 💎If the momentum behind $PERP begins to diminish, be on the lookout for a bullish comeback originating from the solid support at $0.66. Nonetheless, slipping below this key juncture may denote a transition towards bearish grounds.
Long
by MyCryptoParadise_Simon
1
PERP LOOKS BULLISHAfter all the diametric pattern has entered an ascending pattern. An ascending pattern is an ABC or a more complex pattern. Now it seems that wave B is over and it has entered a bullish wave C. By maintaining the green range, it can move towards the targets. Closing a daily candle below the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Long
by behdark
1
PERP is starting a new uptrend after 600 daysPERP is now very bullish because the price went outside of the consolidation structure made by whales. We can clearly see that the bullish base is broken by bulls, and we are definitely ready to go much higher. The first resistance is 3.61, and the second resistance is 26.2. Bullish volume is huge, so it is always nice to see. Coins are currently crashing while PERP is going up. What is your opinion? Let me know what you think about it, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades.
Long
by Xanrox
3
BINANCE:PERP/USDT - Support Holding Strong--------------------------------------------------------------- Description --------------------------------------------------------------- + PERP is consolidating the in the range for a very long time as shown in the image + We are waiting for the price to breakout from that range to enter a long trade + once price breaks upwards, its good opportunity for the trade. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 1.12478 Stop Loss: 1.02685 ------------------------------ Targets 1: 1.9660 Targets 2: 1.270 Targets 3: 1.3944 Targets 4:1.4973 ------------------------------ Timeframe: Capital: 1-2% of trading capital Leverage: 5-10x --------------------------------------------------------------- Note: Don't forget to keep the stop-loss. --------------------------------------------------------------- Agree or Disagree with the ideas ? lets discuss in the comments. Like and follow us for more ideas. Regards VectorAlgo
Long
by VectorAlgo
PERP/USDT Ready for an Exponential Journey? 👀🚀PERP Analysis💎Paradisers, keep an eye on #PERPUSDT, as it’s showing signs of a significant move from a crucial demand level. 💎#PerpetualProtocol is on an upward trend, suggesting a possible bullish breakout from its current demand zone. We expect a retest of the demand level at $1.07, given the strong supply zone ahead. If #PERP stays above this level, it may start a journey towards the major supply zone at $1.93. 💎On the other hand, if #PERP struggles to keep its position above the support level, it may indicate the need for a strategic adjustment. In that case, we could look for a bullish movement from a lower bullish Order Block (OB). 💎It is vital to watch this level closely, as a drop below could lead to a sharp decline. 💎Stay alert and adaptable, Paradisers. Your ParadiseTeam is committed to providing you with the latest insights and strategic perspectives, enabling you to skillfully navigate these market conditions.
Long
by MyCryptoParadise_Simon
2
PERP/USDT Lying on the support, Bounce or break down ??💎 PERP has recently been in the spotlight in the market. Currently positioned at a critical support level, which previously served as resistance, there is potential for PERP to rebound from this point, with probability aiming for an upward trajectory toward the bearish OB target area. 💎 However, if PERP is unable to maintain its position above this support level and breaks below it, it would be a concerning indicator. Such a scenario would likely initiate a downward trend, with PERP's next critical stop being the demand area around $0.75. This area also coincides with a bullish support zone for PERP. 💎 The demand zone is pivotal for PERP's recovery trajectory. A successful bounce and reclaiming of prices above the support level from this zone are essential for reversing the bearish trend. If PERP fails to achieve this and breaks below the demand zone, it will likely confirm a bearish trend, suggesting a possible continuation of the downward movement, potentially even falling below the current demand area.
by MyCryptoParadise