OMG, HYPE Is About to Go Bonkers! Will It Hit $70? 🚀

Okay, gather ’round, crypto nerds and meme coin enthusiasts. Hyperliquid (HYPE) is currently sitting at the edge of a breakout like a toddler teetering on a couch cushion-ready to either faceplant or leap into glory. The price has been repeatedly poking the $50 to $52 ceiling, which, let’s be honest, is starting to feel more like a piñata than resistance. 🎉 If it finally breaks through, we’re talking about new highs faster than you can say “buy the dip.”

HYPE is basically auditioning for its own reality show called *Crypto Price Discovery: The Breakout Edition*. Greeny’s daily chart shows an ascending triangle forming, where the price keeps flirting with the horizontal top like it’s playing hard to get. Each retest comes with stronger participation, meaning buyers are showing up like they’re trying to win prom king. 👑 If this thing breaks out cleanly, buckle up because we’re looking at potential all-time highs. Just don’t forget your seatbelt-or your stop-loss.

And guess what? Fresh on-chain data from munchPRMR says Hyperliquid’s absorption ratio is trending lower while the price climbs higher. Translation: sellers are slacking off, and buyers are flexing their muscles harder than Dwayne “The Rock” Johnson in a protein commercial. 💪 This consistent buy support means momentum is still firmly in the bulls’ corner, even if sellers occasionally try to throw shade like Karen in a grocery store checkout line.

Now let’s talk about the weekly chart, shall we? Hyperliquid is chilling above the $42 support level like it’s sipping margaritas by the pool. 🍹 Oh, and did I mention the RSI just got a full reset? That’s right-it’s back to climbing like it ate its Wheaties. Combine that with the fact that 95% of USDH’s revenue is being funneled into HYPE buybacks, and suddenly you’ve got yourself a recipe for bullishness so strong it could make Gordon Ramsay cry. 🧂🔥

Crypto analyst Crypto Mechanic thinks as long as the $46-$47 support holds, we’re prepping for liftoff beyond prior peaks. And honestly, who am I to argue with someone whose Twitter bio says they “speak fluent candlestick”? A confirmed breakout above $52 could send us straight into price discovery territory, targeting $60-$70 levels faster than you can screenshot a pump. 📈

So here’s the tea: breaking through the $50-$52 zone would be like Hyperliquid finally getting accepted into the cool kids’ club. With strong buyback mechanics, steady demand, and indicators lining up like synchronized swimmers, this isn’t just some flash-in-the-pan rally-it’s the foundation for the next big move. Here’s your TL;DR:

Holding $46-$47 support = Bullish Case: Still Good ✅
USDH buybacks = Steady Demand Pressure 💸
RSI recovery + volume = Upside Momentum Incoming 🚀

If all these stars align, HYPE might not just hit new highs-it might rewrite them entirely. So grab your popcorn 🍿, keep your eyes peeled, and maybe set a reminder to check your wallet later. Because if this breakout happens, you’ll want to be ready.

2025-09-09 00:22

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