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$HYPE The indicator has always been relatively strong, and it has surged again today.
Recent major positive news, Coinbase becomes the official USDC treasury deployer, 90% of reserve earnings will be distributed to HYPE, with annual dividends possibly exceeding 100 million USD!
A16z-related addresses made large purchases, whales deposited $3.12 million to buy 73,600 HYPE tokens, with long positions turning profitable and exceeding $9 million in profit.
Bitwise Hyperliquid ETF is about to list on the NYSE.
Market consensus is very strong, with a large amount of funds regularly investing, and the outlook is highly optimistic.
Bullish momentum is strong, watch for resistance: around 48. Support: around 43 (the lifeline for bulls and bears).