$55 HYPE, do you want to buy it?

Whales keep sweeping purchases nonstop for a week, ETF launched just over ten days ago with a net inflow of $80 million, platform weekly fee income surpassing ETH + SOL combined— but just now, the price dropped from a new high of $62.14 back to $55, RSI fell from overbought 80+ to neutral within 7 hours.

First look at the surface: volume and price rising together, momentum like a rainbow.

Up over 30% in the past 7 days, 34% in 30 days, market cap surged to $14 billion, breaking into the top 10, 24-hour trading volume continuously expanding. The daily upward channel remains intact, pushing up from the bottom like a bulldozer: leading track, a dip is a buying opportunity.

First thing: institutional ETF real money is buying.

21Shares and Bitwise’s HYPE spot ETFs have been live for just over ten days, with nearly $80 million net inflow, a single-day high of $16 million. Meanwhile, BTC/ETH ETFs are outflows, so why is HYPE attracting funds? Because institutions understand—Hyperliquid is not air, it’s the absolute leader in on-chain derivatives, with weekly fee income multiple times exceeding ETH + SOL combined.

Second thing: platform has real revenue support.

Hyperliquid has launched perpetual contracts for SpaceX, Anthropic, and other pre-IPO projects, RWA holdings open interest surpassing $2.6 billion, with total revenue approaching $800 million.

- Every trade collects fees

- These funds are used for buybacks/dividends

- Grayscale, a16z addresses continue buying

Third thing: a technical signal that must be watched carefully.

On May 21, it hit a new high of $62.14, then quickly dropped back to $55, a 10%+ correction. Doji appeared on the daily chart, short-term double-top risk. RSI fell from overbought 80+ to neutral, MACD histogram narrowed. The correction itself isn’t scary, but if it can’t hold the $52-54 zone, it could develop into a double-top reversal.

One side:

- ETF attracted $80 million in just over ten days, institutions rushing in

- Weekly fee income surpassing ETH + SOL, real cash flow

- Whales keep buying, platform revenue totaling $800 million

- Leading track, HyperBFT high-performance chain

The other side:

- Dropped from $62 back to $55, short-term profit-taking surges

- RSI cooling down, MACD momentum weakening

- Macro environment: Fed remains hawkish, BTC still fluctuating around $74k

- If it loses $52, double-top confirmed, may retest $45

Key level: $55, the dividing line between bulls and bears.

Resistance above: $58-60 → $62 (previous high) → $70-85

Support below: $52-54 (Fibonacci 0.618 + dense trading zone) → $50 → $48 (bottom line)

Short-term traders:

Wait for a retest of $52-54.5 to buy in, stop-loss at $51.5, first target to take half profits at $58-60. Break above $60 with volume to chase longs, stop-loss at $57, aiming for $62-65.

Swing traders:

Wait for the daily close above $58 before entering, use dynamic take-profit to hold, target $70-85. If it retests near $52 with volume rebound, that’s an excellent add-on point.

Long-term believers:

Gradually build positions in the $50-52 range, add blindly below $48. Target $100-150, betting on Hyperliquid becoming on-chain financial infrastructure, similar to “Crypto Nasdaq.” But this coin is highly volatile, don’t allocate more than 15-20% of total funds, and avoid if you can’t withstand a 30% pullback.

HYPE now is like SOL in 2021—

90% of people thought a derivative exchange coin couldn’t have any future, but it proved everyone wrong with real income.

$62 is not the top, $55 is a shakeout. The harder the shakeout, the crazier the rise. #TradFi交易分享挑战 #PlatinumCard作者专属 $BTC $ETH $HYPE