L'azione dei prezzi di Hyperliquid si trova tra il supporto a 36 dollari e la resistenza a 50 dollari, prevediendo la direzione futura.
In recent developments, a whale and an institution have taken significant positions in the cryptocurrency market, focusing on Hyperliquid (HYPE). According to Onchain Lens, a whale shorted HYPE for a position worth approximately $3 million. However, no new information about institutions shorting or betting against Hyperliquid was provided in this report.
Despite the whale's move, Hyperliquid's open interest, as per CoinGlass, stands at $1.84 billion, which is higher than the last two days but lower than the highest recorded. This suggests that there is ongoing interest in the cryptocurrency, despite the recent short positions.
The market cap of Hyperliquid remains steady at approximately $15 billion. Over the last month, Hyperliquid has recorded a record high of $398 billion in DEX volume, indicating strong activity within the market. However, in the last 24 hours, the DEX volume has dropped to around $1.20 billion.
The price of Hyperliquid has been oscillating around a range between $36 and $50 since the high on the 14th of July. Despite several attempts, Hyperliquid has failed to stay above the $50 zone with three consecutive rejections. This struggle to maintain a higher price has raised concerns among traders, who are now watching the actions of the big players and the price structure to gauge Hyperliquid's next move.
Interestingly, institutions like Abraxas Capital and Alameda Research have been betting against the market with sell positions on HYPE. Abraxas shorted six other cryptos, with Bitcoin [BTC], Ethereum [ETH], Solana [SOL], Sui Network [SUI], Injective [INJ], and World Liberty Finance [WLFI] having the highest leverage of 10x. Alameda Research, on the other hand, executed a short position on Hyperliquid worth $64.39 million with a 5x leverage.
This shorting activity, combined with a decline in Hyperliquid's price, has led to liquidations and raised risk concerns for the Hyperliquid ecosystem. The decline in Hyperliquid was triggered by an attack on its XPL token by whales, which resulted in a downward movement since Hyperliquid reached $51.
Despite these challenges, the bullish outlook for Hyperliquid in the long-term is maintained. However, the current price is confined in a range, with the $36 price level being a make-or-break zone for Hyperliquid. The Chaikin Money Flow (CMF) indicates capital outflow, with a -0.25 reading, suggesting that there is currently more selling pressure than buying pressure in the market.
On a positive note, Hyperliquid [HYPE] rose to almost $45 on the day, according to CoinMarketCap. Whether this temporary rise will lead to a breakout from the current range remains to be seen. Traders and investors will be closely watching the market to see if Hyperliquid can regain its momentum and break through the $50 barrier.
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