Overview
- HYPE trades near its long-term EMA around $40 after touching the high $30s, with $36–$38 flagged as the immediate line in the sand.
- Several chartists say a failure of the $36–$40 zone could sweep price toward the $30–$28 demand band, even as a break above $50 would target roughly $68–$70.
- On-chain earnings remain robust at roughly $3–$6 million per day, with about 97% directed to token buybacks, and the Assistance Fund has repurchased more than $340 million year to date.
- Whale interest is picking up, including a reported top trader running a 10x leveraged long, while spot and derivatives volumes have expanded even as open interest slipped.
- Market access continues to widen with OKX’s spot listing and other venues adding pairs, which analysts say is improving depth and could steady near-term volatility.