$57 HYPE, did you buy the dip?

First look at the surface: major negative news, but no collapse.

In the past 30 days, HYPE has risen 43%, this week retraced 5-9%, from ATH 75.5 down to 57, market cap 12.7 billion, top ten ranking. 24-hour trading volume 200k to 900 million USD, more active than many established public chains. The candlestick chart shows: high-level retracement with decreasing volume, strong support at 54-55, RSI neutral, MACD golden cross brewing.

First thing: 238 million tokens unlocked, worth 700 million USD, why didn’t it break through?

On June 6, core contributors unlocked 23.8% of the total supply. Normally, such a level of unlocking would cut the price in half.

What was the result?

Price dropped from 75 to 54, only a 23% decline, then quickly rebounded.

Why?

Because on-chain data shows: most of the unlocked tokens weren’t sold, but staked instead.

Second thing: HYPE is not a meme, it’s a real money printer.

On-chain derivatives market share 70%, daily trading volume over one billion USD

TVL 6.2 billion USD, 200k active weekly users

Annualized transaction fees 1 billion USD, all used for HYPE buybacks

Hyperliquid has never sold a single token to institutions from start to finish. All unlocks are for contributors, and they hold onto their tokens without selling.

Third thing: technical signals show a typical “institutional accumulation” pattern

First, the bad:

ATH 75.5, now 57, there are indeed trapped positions. 60-62 is short-term resistance, above 70 is a bloodbath.

But the more important signals are positive:

$54-55 has turned from resistance into support — one of the strongest structures in technical analysis.

Retracement with increased volume, support levels with decreased volume, indicating selling pressure is weakening, buying interest is taking over.

Daily MACD histogram converging, golden cross signals emerging.

Bull-bear showdown, see for yourself.

On one side:

Daily volume hundreds of millions, fee buybacks $800 million

Derivatives market 70% share, very deep moat

After large unlocks, no dumping, chips are more concentrated

Strong support at 54-55 + decreasing volume at bottom + MACD golden cross brewing

On the other side:

23% retracement from ATH, short-term sentiment hurt

BTC still hovering around 63k, macro risks remain

Pressure at 60-62, heavy trapped positions above 70

Future unlocks (but smaller amounts)

Key level 57, just 3 USD away from the critical 54 line, only 3 USD from resistance at 60.

Resistance above: 60-62 → 64-68 → 70-75 (ATH)

Support below: 54-55 (strong bottom) → 48-50 (extreme)

Aggressive short-term:

Buy in batches around current 57-58, stop-loss at 53.5. First target 62-65 (10%+ profit), second target 68-72.

Moderate medium-long term:

Wait for daily close above 60 before entering, or buy in batches on retracement to 54-56. Target 80-100+, hold 3-12 months. Only consider short-term short if volume breaks below 54.

Position discipline:

HYPE is highly volatile, keep total position at 5-10%. Strict stop-loss, individual loss no more than 2% of total funds. Watch BTC — if BTC drops below 60k, HYPE will follow.

HYPE now is like SOL in 2023 —

Everyone talks about “unlock dumps” and “overvaluation,” but it’s actually making new highs based on real revenue. By the time you realize it, it’s already at 70.

Projects with strong fundamentals, every retracement is a buying opportunity.

Projects with weak fundamentals, every rebound is a chance to escape.

Which #我的Gate交易时刻 type is HYPE? You decide.