HYPE Price Rebounds Post-$44M Liquidation, Binance and Coinbase Listings Aid
The HYPE price has rebounded sharply, recovering over 7% in the past 24 hours to trade around $40 after a $44 million whale liquidation. This recovery follows its listings on Binance and Coinbase, boosting market confidence.
- Funding rates have turned positive, and whale accumulation has increased.
- Analysts target a possible rise to $51.15 if buying pressure continues.
- RSI levels are trending toward neutrality after oversold conditions.
Binance and Coinbase Listings Drive Momentum
- Listings on Binance and Coinbase introduced major pairs like HYPE/USDT and HYPE/BTC, enhancing liquidity.
- This marks Hyperliquid's transition into a mainstream DeFi contender, attracting institutional and retail interest.
- BlackRock and Fidelity are reportedly exploring integrations of Hyperliquid’s technology into ETF products.
Technical Outlook: Potential for Price Revival
- The HYPE price is recovering after testing support around the 200-day EMA, near $38.
- If momentum holds, analysts expect a push toward $51.15 resistance.
- Daily active addresses have doubled, and TVL has climbed over 150% since late October.
- Exchange inflows are rising, indicating a potential regain of prior highs.
The rebound demonstrates confidence despite the cautionary tale of the whale's $44 million loss due to leverage.