- Crypto -Walvissen invested $ 12.50 million in USDC to buy Hypeliquid tokens.
- Traders were excess for $ 19.68 on the long side and for $ 21.50 on the short side.
During this continuous market insecurity, most cryptocurrencies have fallen considerably and seem to be at discount levels.
In the midst of this, whales have identified hyperliquid [HYPE] As an ideal investment opportunity, investing millions of dollars.
Buy whales for $ 12.50 in Hype -Tokens
Recently the blockchain-based transaction tracker Lookonchain Made a message on X (formerly Twitter). They revealed that crypto -whales have invested in USDC $ 12.50 million in the last 48 hours to buy hypeliquidetokens.
In addition to this rising whale interest and trust, intraday traders seem to follow the example, as reported by the on-chain analysis company Coinglass.
At the time of the press, intraday traders who gambled in long positions, dominated, strongly preferred by the bullish side.
Data also showed that $ 19.68 is a level where traders who bet on the long side are used too much. At the time of writing, there were $ 3.09 million in long positions that were held.
In the meantime, $ 21.50 is a level where traders who bet on the short side are used too much, with $ 1.25 million in short positions.
Source: Coinglass
When combining these on-chain statistics with the recent accumulation of whales, it seems that the bulls are back and strongly support the recovery of the assets.
In addition, this substantial hype accumulation by whales and bullish sentiment among traders have a positively influenced hype prices.
At the time of the press, the hype was near $ 21 and has risen by more than 13% in the last 24 hours.
This price increase is probably powered by consistent whale purchases and bullish price promotion.
Hyperliquid’s price action and the coming level
According to the technical analysis of Ambcrypto, Hype has reached a crucial level of support at $ 19.80 after a recent price decrease of 26%, a level with a history of strong price revenues.
Source: TradingView
The daily graph of Hype shows that when the price of the actual support level reaches, it tends to experience considerable buying pressure and upward momentum. This can explain the recent whale purchases.
Based on the historical price momentum, if the hype applies to the crucial level of support, there is a strong possibility that it could rise by 20% to reach the $ 25.50 mark quickly.
At the time of the press is the technical indicator of Hype, the average directional index (ADX), at 15, which indicates a weak momentum strength.
Credit : ambcrypto.com
