Hyperliquid Tumbles from Grace: Will $100M Longs Survive This Scandalous Plunge? 😱

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It is a truth universally acknowledged, that a token in possession of a parabolic uptrend, must be in want of a proper correction. Thus, dear reader, Hyperliquid has now provided the very spectacle—falling below its much-vaunted four-hour Ichimoku cloud. Price lingers anxiously at $34; meanwhile, nearly one hundred million dollars in long wagers are perched above the abyss between $30 and $33. FOMO and fear, as ever, jostle for dominance in the drawing room of the market.

HYPE’s Cloud—So Much for High Society Support ☁️

Another scandal at Almack’s! Hyperliquid has shamefully descended beneath its four-hour Ichimoku cloud—a level unseen since its younger, more modest days around $15. The esteemed Mr. CryptoCurb has declared this a most “notable technical shift,” as the once-admired cloud has bolstered HYPE’s reputation for weeks.

Rumour abounds that $40 is now the level upon which all genteel hopes rest. A return above that station would restore bullish sentiment and perhaps soothe the nerves of the ton. Until such a happy event, however, we must tolerate sideways plodding, indecisive movement—indeed, the very picture of a rainy day in Bath.

Bollinger Bands’ Lower Bound: HYPE’s New Dance Floor 💃

The shame continues: having been expelled from the cloud’s embrace, HYPE is now caught pirouetting at $34.10. The dashing Cryptorizz’s charts now display the price flirting with the Bollinger Bands’ midline, while the lower band, temptingly near $31.5, waits like an eligible suitor at the next ball. This level, coincidentally, is also the very spot where early-June courters last gathered en masse—perhaps the only place left for dip-buyers to save the day, if HYPE does not recover its composure shortly.

The larger trend remains upward, to be fair, but since tumbling from those heady $45.88 heights, the short-term mood has turned decidedly sour. Should $31.5 offer no solace, the gossips whisper about $28 and even the scandalous $25 as possible future resting places.

Rumours of Liquidation! The $100M Longs Await Their Fate 😬

With all the delicacy of a drawing room duel, HYPE teeters at the edge of further embarrassment. The ever-watchful DeFiMoon informs us there are some 3.6 million HYPE in long positions (a not-insignificant $100 million) now trembling between $30 and $33—like so many anxious debutantes on the verge of fainting.

This is an admirably wobbly stack of leverage indeed, making this particular “liquidation zone” the current darling of every fortune hunter and fortune-loser in the ton. Should price so much as flutter into that range, forced selling may ensue, and with it all the elegance of a ballroom turned food fight.

Hyperliquid’s Prospects: Seeking Good Fortune (or at Least a Soft Landing) 🤞

For now, HYPE sits demurely just above a region of great interest: namely, Trader Tim’s blue-boxed demand zone between $30.5 and $28.7. It was here in late May that Hyperliquid found its legs, much as a young lady comes into her own after a hearty season. Trader Tim assures us this area is often the haunt of valiant bid-makers and, with any luck, a site for reversals and brisk recoveries.

This aligns—how convenient!—with the $30 to $33 liquidation cluster noted by our earlier correspondent, DeFiMoon. A graceful descent into this region could provoke a spirited turn of bullish enthusiasm, though price is currently capped underneath $37.25, a ceiling so close and yet, for now, so unattainable.

Final Reflections: Shall Bulls Carry the Day, or is Melodrama Our Fate? 🧐

Though HYPE has suffered a most public decline, the community remains more amused than alarmed. Some, indeed, see this dip as a golden opportunity—provided one enjoys a touch of danger with their profits. Price drifts towards the aforementioned demand zone, and a wickedly large stack of liquidation longs sits temptingly below. Ah, the suspense of it all!

For market bulls to secure their happy ending, price must first conquer $37.25—ideally mounting a proper gallop back above $40, at which point even Lady Market herself might sigh with relief. The fundamentals, it must be said, remain thoroughly sound, deflationary as a Regency waistline. But until momentum finds its suitor, buckle up for volatility fit for a midnight coach ride to Gretna Green.

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2025-06-21 00:13