The post Hyperliquid Price Prediction: HYPE Hits New ATH, is $50 Next? appeared first on Coinpedia Fintech News
Hyperliquid’s HYPE has emerged as one of the most profitable crypto tokens in the past few weeks. The Defi token just hit its second all-time high within a week. The token is now up 66% over the last month. It is currently trading at $44.28, up over 10% in the last 24 hours.
$200M Bitcoin Long: Crypto Whale’s Massive Bet on Hyperliquid
According to Lookonchain, the top crypto trader, AguilaTraders, who is known for his massive $77 million profit streak on Bybit, has now shifted to Hyperliquid. After a big loss of $12.47 million on his first trade, he is now back with a huge $200 million long position on Bitcoin at 20x leverage. His current position is 1,894 BTC.
A top HYPE whale is sitting over $13.9 million in unrealized gains. The trader has seen 121% profit in the past month and over $10 million in realized gains in just 30 days.
Hyperliquid Leads the Defi Boom
Hyperliquid is leading DeFi earnings with over $65M made in the past 30 days. Its Layer-1 TVL has jumped 70% in 30 days to $2.01B, making it the 11th biggest chain, now ahead of Cardano, Hedera, and Near.
User growth and trading activity are rising fast. Whales are also very active on the platform, often moving $300K daily. However, top trader James Wynn has exited most of his big trades and now holds just one small BTC long with 40x leverage.
The technical signals for HYPE are strongly bullish. All major moving averages are showing strong buy signals. Momentum indicators like MACD and Momentum also support continued upside, with RSI at 69.8.
HYPE Aims For Top 10
HYPE is now eyeing a spot among the top 10 crypto tokens by market cap. After hitting an all-time high, the token experienced a slight pullback. But it managed to hold back above the $40.14 support level, which shows buyers are still interested.
Open Interest (OI) has also hit a new all-time high, rising from $1.79B to $1.97B in a day, showing more money is flowing into the market. Data from Coinglass reveals a long-to-short ratio of 1.20, the highest in over a month, which shows strong confidence among traders.
If HYPE keeps climbing, it could hit a new all-time high of $46.35, based on key Fibonacci levels. But if the price pulls back, it may find support around $39.11 before making another move.
