Foreign media reports that after HYPE recently broke through the resistance range of $70 to $75, the price has entered the $80 to $85 range. Along with this upward movement, there has been an increase in large orders in the spot market for Hyperliquid, indicating that there is still significant capital participating in the area near the high levels. Next, whether $75 can become a stable support level will be the focus of market attention.
Larger buy orders appeared after a high-level breakout.
The article cites data from Hyperliquid on the average order size in the spot market, which indicates that as the price of HYPE rises, larger orders have become more common in the market, and some large transactions have occurred near recent high levels. This means that the current breakthrough is not entirely driven by small-scale trades; larger funds are also participating at these high levels.
At the same time, the enthusiasm for spot trading volumes has cooled down compared to before. The article argues that this change indicates that the intensity of trading has not continued to increase sharply, but prices remain at a relatively high level. Compared to the trend of further increases after excessive volume growth, this state is more stable.
$75 becomes a key level for short-term trading
From a weekly chart perspective, HYPE previously formed a temporary bottom in the range of $40 to $45, then regained the $55 to $60 area, and went through a period of digesting selling pressure below $75. After the latest breakthrough, the price has now surpassed the resistance zone from the previous few months.
The article argues that if the buying pressure can support the price at $75 in subsequent declines, it indicates that the selling pressure that was concentrated in that area before has been absorbed. If the price continues to remain above $85, market attention may shift to $90; if it breaks through the $90 to $95 range, the integer level of $100 will come into focus.
- Current key support level: $75
- Upper monitoring range: $85 to $90
- If it falls below $70, it may go back to the range of $60 to $65.
Subsequent attention will be paid to whether the support level can be maintained.
The article argues that although this round of gains has broken through the resistance level that persisted for over a month, whether the breakthrough is effective remains to be confirmed. The key to judgment does not lie in whether the price has temporarily spiked, but rather in whether buyers will be able to hold onto the recently regained range when profit-taking and new selling pressure emerge.
If large orders continue to appear near the higher levels, and the price maintains a higher-low structure, the current trend will gain more support. On the contrary, if HYPE loses 75 dollars and further falls below 70 dollars, the strength of this breakout will be significantly weakened, and the market may return to the previous consolidation range of 60 to 65 dollars.
