Overview
- HYPE trades near $39–$41 with price compressing under a key mid-range level, as open interest edges higher and spot and derivatives volumes cool.
- Phantom and SafePal launched native Hyperliquid support on Nov. 19, bringing swap and HyperEVM functionality to wallets reaching tens of millions of users.
- Coverage highlights more than $1.3 billion in fee-funded buybacks and over 28 million tokens removed from circulation, with staking deposits up roughly 60% in a month.
- The token has outperformed peers this week, rebounding about 6% after CoinGlass recorded a $96.5 million BTC-USD liquidation on Hyperliquid during a market washout.
- Analysts warn of a daily head-and-shoulders setup with a $35.5 neckline and an approaching death cross, while a sustained move through the $44–$50 area would favor a bullish continuation.