⚡ HYPE Alert: Hyperliquid DeFi Token Breaks $34 - Trade Setup!

DeFi degens, listen up! Hyperliquid (HYPE) is making moves with a solid +4.7% pump to $34.28. Volume is strong at $1.2B and this relatively new token is showing serious momentum. If you're looking for a higher-beta play beyond the majors, this could be it.

📊 The Setup

Entry: $34.00 - $34.50 (current zone)
Target 1: $38.00 (local resistance)
Target 2: $42.00 (prior high area)
Stop Loss: $31.50 (below recent support)

🧠 Why HYPE Looks Interesting

• +4.7% breakout with $1.2B volume - institutional interest
• 24h high of $36.54 shows there's appetite for higher prices
• Low of $31.79 held during pullbacks - bullish structure
• Market cap at $8.1B with FDV at $32.9B - still early for a DeFi protocol
• 238M HYPE circulating with 1B max supply - 24% in circulation
• 42% below ATH of $59.3 - room to run if DeFi narrative heats up

⚠️ The Risk Factor

HYPE is a newer token with higher volatility than BTC/ETH. Token unlocks and vesting schedules can create selling pressure. This is a shorter-term trade - don't diamond hand this one without stops!

📈 DeFi Sector Context

DeFi tokens have been lagging but are starting to wake up. With BTC stable above $69K, money is rotating into riskier plays. HYPE as a perpetual DEX protocol benefits from high volume environments. If crypto volatility stays elevated, HYPE should perform well.

Not financial advice. High volatility play. Use proper risk management!

DeFi degens, are you bidding HYPE here or waiting for a dip? 👇