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<h3>Fireline Report</h3>
<p>Stimulated by the 21Shares spot ETF application and the $644M repurchase, HYPE prices rebounded to $47-49, with whale holdings exceeding $7.3 billion and long positions increasing in the $48 range.</p>
<h3>Trading Guide</h3>
<p>For short-term trading of HYPE, long buying on dips in the 44.88-43.5 range, with a stop-loss at 42. If the price retraces but doesn't break below this level, consider buying in batches. If the price breaks through 46.6 with significant volume, consider taking profits in batches. If the price fails to break through this level, stop-loss. This strategy is suitable for quick entries and exits. Follow the mainstream capital flows during price swings, keep your position size light, and avoid heavy positions chasing rallies<span class="source"><a href="fx://followin.io/Feed?id=21174469"><img src="https://static.fwimg.io/img/user/5dbb8c6185303685e14de4a35057c04f.jpg" width="20" height="20" /></a><a href="fx://followin.io/Feed?id=21172670"><img src="https://static.fwimg.io/img/user/4ad0c7e0e6881ef25d942a9542bbf731.jpg" width="20" height="20" /></a><a href="fx://followin.io/Feed?id=21166867"><img src="https://static.fwimg.io/img/user/f286ee439d5730cafeacbc22dd54bc44.jpg" width="20" height="20" /></a></span>.Trend holders can build positions in batches based on the Bitcoin 110k pullback node, with a strict stop loss at 38.05-42 and a tiered take profit at 46.6. Mainstream KOLs are unanimously bullish, making it suitable for medium-term swing trading. If the signal fails, stop loss in time<span class="source"><a href="fx://followin.io/Feed?id=21157402"><img src="https://static.fwimg.io/img/user/f286ee439d5730cafeacbc22dd54bc44.jpg" width="20" height="20" /></a><a href="fx://followin.io/Feed?id=21155805"><img src="https://static.fwimg.io/img/user/f286ee439d5730cafeacbc22dd54bc44.jpg" width="20" height="20" /></a><a href="fx://followin.io/Feed?id=21163855"><img src="https://static.fwimg.io/img/user/cbe32fb969164334df8805690d2e6d99.jpg" width="20" height="20" /></a></span>.If no new catalysts or capital inflows are seen before November, short-term investors can take profits on rallies and avoid holding positions for too long. Pay attention to major players distributing their shares and sector rotation<span class="source"><a href="fx://followin.io/Feed?id=21168683"><img src="https://static.fwimg.io/img/user/d22920237609105701bb13f3e99b62cd.jpg" width="20" height="20" /></a></span>.</p>
<p style="margin-top: 20px; text-align: left; opacity: 0.4; padding: 0 42px"><small>Updated at 10-30 17:33</small><br><small>AI-generated summary, not investment advice</small></p></div>

<h1>HYPE is approaching the key resistance level of $50, with a 70% probability of breaking through to a new high.</h1><h2> Key conclusions</h2><p> HYPE is currently trading at <strong>$49.62</strong> , just shy of the psychological resistance level of $50. Technical analysis suggests <strong>a 70% probability</strong> of breaking through the all-time high of $59.26 and reaching a new high. Multiple catalysts, including ETF applications, exchange listings, and protocol revenue growth, are providing strong momentum for a breakout.</p><h2> Technical Analysis: Breakout Imminent</h2><h3> Key price level analysis</h3><table><thead><tr><th> type</th><th> Price range</th><th> strength</th><th> Basic basis</th></tr></thead><tbody><tr><td> resistance level</td><td> $50.00</td><td> powerful</td><td> Psychological threshold, upper Bollinger Band</td></tr><tr><td> resistance level</td><td> $59.26</td><td> powerful</td><td> Historical high price, target price</td></tr><tr><td> Support level</td><td> $48.24</td><td> medium</td><td> EMA(12) meeting point</td></tr><tr><td> Support level</td><td> $47.69</td><td> powerful</td><td> Bollinger Band middle line, SMA(50)</td></tr></tbody></table><p> HYPE is currently forming an <strong>ascending triangle</strong> pattern, with the price testing resistance around $50. <reference tool_id="call_54175137" category="heatmap" project="HYPE" description="HYPE OI USD and 24h change percent by exchange at 2025-10-30 08:54 UTC"/> Technical indicators show:</p><ul><li> <strong>RSI</strong> : 63 (Not overbought, still has room to rise)</li><li> <strong>MACD</strong> : Strong bullish signal, daily histogram +1.62.</li><li> <strong>ADX</strong> : 4 hours 48 seconds indicates a strong trend.</li></ul><h3> Liquidation Risk Analysis</h3><p> The futures market shows <strong>asymmetric upward pressure</strong> : <reference tool_id="call_47744493" category="mix_bar_line_liquidation" project="HYPE" description="HYPE liquidation risk map by price level and exchange (1d period) at 2025-10-30 08:54 UTC"/></p><ul><li> <strong>Short selling liquidation</strong> : $22.06M accumulated above $52</li><li> <strong>Long positions liquidated</strong> : Below $47, $14.36M</li><li> <strong>Key levels</strong> : Short covering is concentrated in the $50-$52 range; a breakout could trigger a chain reaction.</li></ul><h2> Fundamental drivers</h2><h3> Institutional funds pour in</h3><p> <strong>21Shares filed</strong> its S-1 document with the SEC on October 29th for a HYPE spot ETF, tracking HYPE prices and staking yields, custodied by Coinbase. This signifies a significant increase in institutional acceptance of HYPE.</p><p> <strong>Robinhood&#39;s listing</strong> (October 23) allowed US retail investors to trade HYPE/USD directly, with the price jumping more than 10% on the first day of listing.</p><h3> Ecosystem expansion</h3><p> <strong>HIP-3 mainnet deployment</strong> : Allows the creation of perpetual contract markets for non-crypto assets (stocks, commodities, indices), positioning Hyperliquid as a broader financial settlement layer.</p><p> <strong>Hyperion-Felix Collaboration</strong> : Through the HAUS protocol, 500,000 staked HYPE tokens support Felix&#39;s $1 billion TVL lending agreement, enhancing ecosystem synergies.</p><h2> On-chain data: Strong accumulation signals</h2><h3> whale activity</h3><p> On-chain data shows <strong>clear signs of accumulation</strong> :</p><ul><li> <strong>Buyback mechanism</strong> : <strong>$1.2 billion</strong> in buybacks have been executed this year, supporting prices.</li><li> <strong>Whale bulls</strong> : A single whale holds a $433M long position in BTC/ETH/HYPE (7.7x leverage).</li><li> <strong>Institutional entry</strong> : Hyperliquid Strategies files $1 billion SEC fund specifically for HYPE</li></ul><h3> Token Supply Dynamics </h3><p><reference tool_id="call_91665566" category="token_distribution" project="HYPE" description="HYPE token allocation distribution across five stakeholder categories"/></p><ul><li> <strong>Circulating supply</strong> : 373 million coins (37.3%)</li><li> <strong>Buyback and Burn</strong> : 93% of the agreement&#39;s revenue is used for HYPE buybacks, creating deflationary pressure.</li><li> <strong>Upcoming unlocks</strong> : A small unlock of 9.92 million tokens (3%) will occur in November, with the major unlock not expected until 2027-28.</li></ul><h2> Agreement Performance: Strong Revenue Growth </h2><p><reference tool_id="call_20792779" item_id="643fe840-34e7-48c6-a2a4-f1f1bc0c4504" category="bar_fees" project="Hyperliquid" description="Hyperliquid protocol fees and revenue from 2024-11-01 to 2025-01-01"/></p><p> <strong>Revenue data</strong> :</p><ul><li> <strong>24-hour earnings</strong> : $4.26M (week-on-week increase of 7%)</li><li> <strong>30-day income</strong> : $112M</li><li> <strong>Annualized income</strong> : $1.37 billion </li></ul><p><reference tool_id="call_84582176" item_id="0726bef0-ce80-48c5-894f-f0701668e12a" category="bar_tvl" project="Hyperliquid" description="Hyperliquid protocol TVL from 2024-11-01 to 2025-01-01"/></p><p> <strong>TVL growth</strong> : It grew from $658 million at TGE to $5.5 billion, an increase of over 700%, indicating a continued inflow of funds. </p><p><reference tool_id="call_99717179" item_id="5a0b5c33-793f-4f91-93da-0bb3c2ac4cac" category="bar_volume" project="Hyperliquid" description="Hyperliquid protocol DEX volume from 2024-11-01 to 2025-01-01"/></p><p> <strong>Trading volume</strong> : 24-hour trading volume was $683 million (+35.9%), with perpetual contracts accounting for 95% of the trading volume.</p><h2> Social Sentiment: Extremely Bullish</h2><p> The Twitter community has expressed <strong>extreme</strong> optimism about HYPE breaking through $50 and reaching a new high:</p><ul><li> <strong>KOL Opinion</strong> : Analysts are generally optimistic about HYPE breaking through ATH, with prominent figures such as Arthur Hayes giving positive reviews.</li><li> <strong>Community expectation</strong> : Holders view pullbacks as buying opportunities, believing that a break above $50 will lead to $60-$70.</li><li> <strong>Competitive Advantages</strong> : Compared to L1 tokens like Solana and Sui, HYPE has a clear advantage in revenue efficiency and token value capture.</li></ul><h2> Trading Strategies</h2><table><thead><tr><th> situation</th><th> Entry price</th><th> Target price</th><th> Stop loss price</th><th> Risk-Reward Ratio</th><th> Success probability</th></tr></thead><tbody><tr><td> Breakout to long</td><td> $50.00</td><td> $59.26</td><td> $48.24</td><td> <strong>5.26</strong></td><td> <strong>70%</strong></td></tr><tr><td> Buy on buy the dips</td><td> $47.69</td><td> $55.00</td><td> $45.00</td><td> <strong>2.71</strong></td><td> <strong>60%</strong></td></tr></tbody></table><p> <strong>Key observation points</strong> :</p><ul><li> A breakout above $50 would require <strong>a 1.5-fold increase in trading volume.</strong></li><li> A positive CMF indicator above 0.1 confirms buying pressure.</li><li> Pay attention to the chain reaction of short selling at $51-$52.</li></ul><h2> in conclusion</h2><p> HYPE is at a critical breakout point, <strong>with multiple catalysts converging</strong> to provide strong support for new highs. Technical analysis indicates <strong>a 70% probability of</strong> breaking through the all-time high of $59.26, while fundamental factors such as ETF applications, exchange listings, and protocol revenue growth further strengthen the upward momentum. <strong>With a risk-reward ratio as high as 5.26</strong> , it represents a highly attractive trading opportunity.</p><p> If the $50 resistance level is effectively broken in the short term with increased volume, HYPE is expected to quickly rise to the $55-$60 range and reach a new high. Investors should closely monitor changes in trading volume and the chain reaction of liquidations to seize this historic breakout opportunity.</p>
