Quick summary
HYPE confirmed a backward base at around 64 EUR before pulling back into a short term descending wedge style pattern, with two stacked buy limits sitting below the current base. The setup is simple, confidence or panic, though expecting to remain within the wedge.
What is HYPE?
Hyperliquid is a high-performance decentralised perpetuals exchange built on its own L1. HYPE is its native token, used for fees, staking, and governance.
Trade Setup (short term)
Base: ~59.50 EUR / $65 USD
Backward base: ~63.50 EUR / $70 USD
Current price: 58.83 EUR below base, inside descending wedge
Position: one buy limit triggered at −3% below base, second limit waiting at ~56.50 EUR
Levels
Entry 1: −3% below base → 57.72 EUR / ~$63 USD
Entry 2: deeper accumulation → 56.51 EUR / ~$62 USD
Exit: 61 EUR short term, 63.50 EUR full backward base reclaim
Panic: close below the gap 56.51 EUR with no reclaim
Zoomed out: price bounced off a gap zone, formed a base, confirmed a backward base at 63.50 EUR, then pulled back into a descending wedge. The question now is whether price resolves with confidence — a clean reclaim of the base and push back through the backward base — or rolls over into another panic leg.
For a complete picture of the trading strategy behind these setups, grab the Coinjuice eBook.
Disclaimer
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Written by
Andrew Kamsky
Andrew Kamsky is a Bitcoin analyst. He spent a decade in traditional finance across a Big Four firm and a listed fintech bank before going deep on Bitcoin full-time.
