HYPE stiger etter at Bitwise legger Hyperliquid-token til balansen

Bitcoin sitter fast under $77 000-nivået, mens Ethereum (ETH) sliter med å bryte motstanden på $2 200.

HYPE, den native coinen til Hyperliquid DEX, stiger og overgår de andre myntene i topp 10.

HYPE er opp mer enn 4 % de siste 24 timene og nærmer seg det psykologiske $50-nivået.

Det tekniske bildet er svært positivt ettersom HYPE trosser de rådende markedsforholdene. 

Bitwise legger HYPE til sin balanse

HYPE er opp mer enn 4 % det siste døgnet og handles nå over $47 per mynt. Den positive utviklingen følger på at Bitwise Asset Management kunngjorde mandag at de vil legge HYPE til sin balanse.

Selskapet opplyste at de vil bruke en del av forvaltningsavgiftene fra sin nylig lanserte BHYP Hyperliquid ETF til å akkumulere blockchainens native HYPE-token på balansen.

Bitwise sa at de adopterer Hyperliquids community-fokuserte modell, der omtrent 99 % av blockchainens inntekter brukes til å kjøpe tilbake og brenne HYPE-tokens.

This latest development comes after Bitwise's Hyperliquid ETF, trading under the ticker BHYP, made its debut on the New York Stock Exchange on Friday. 

The fund gives investors indirect exposure to HYPE and staking rewards. Bitwise said it will stake the HYPE on its balance sheet.

While other leading altcoins continue to underperform, HYPE is leading the market rally, alongside Zcash.

HYPE is up 15% in the last seven days, fueled by growing retail demand. According to CoinGlass, HYPE’s futures Open Interest (OI) now reads $2.1 billion, higher than the $1.85 billion recorded on Monday.

Furthermore, the OI-Weighted Funding Rate flipped positive on Monday and now reads 0.0018%. The positive funding rate suggests new capital entering the Hyperliquid ecosystem.

Hyperliquid prisutsikt: Vil HYPE sette en ny rekord snart?

The HYPE/USD 4-hour chart is bullish and efficient as Hyperliquid is only 19% away from its all-time high price of $59.39.

HYPE hit the $49 mark on Monday but has slightly retraced and is now trading around $47 per coin. With the momentum indicators still bullish, HYPE could rally higher in the near term.

The RSI of 66 shows that HYPE is bullish, with buyers firmly in control of the market. The MACD lines are also within the positive territory, adding further confluence to the bullish narrative.

If the buyers remain in charge, they could retest the $49 swing high and rally towards the $50 psychological level once again.

A daily candle close above $50 could pave the way for further rally towards the all-time high price of $59.

However, if the buyers get exhausted, HYPE could encounter support at the Monday low of $44.18. 

Failure to defend this support level could see HYPE dip towards the 4-hour Transactional Liquidity (TLQ) at $40.27, last tested on Saturday.