In this video: We analyse HYPE on 30 October 2026 using Elliott Wave, with $87.10 as the level that decides between another high and a deeper pullback. Video by More Crypto Online.
HYPE saw a massive upside reaction from the red support line at the September swing low, with a news event as the catalyst. The path toward the $130 area stays open, with $105 as the next resistance, as long as the orange support zone at $58.82 to $70.87 holds. On the smaller time frame the price is testing the 38.2% retracement at $89.35 after a rejection at $95 to $98. News-driven pumps are often not sustainable, so a break below $87.10 would point to a test of the $75 area first.
"Try online trading with iqoption. Access stocks, forex, and crypto on a world-class platform. Sign up for a free demo account and master your tools today!"
Learn more >>
• NYSE Owner ICE Plans U.S. Hyperliquid Market: The massive catalyst driving today's rally is the announcement that Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, is pushing to bring a regulated, U.S. version of Hyperliquid’s 24/7 perpetual futures markets to Americans. ICE has finalized a deal with Trade[XYZ] (a platform running real-world asset markets on Hyperliquid), a massive institutional nod that has drawn public praise from tech leaders like Elon Musk and billionaire investor Stan Druckenmiller.
• Major Overhang Removed as Sell Pressure Dries Up: On-chain intelligence indicates that concentrated whale distribution has finally concluded. Wallets tied to major early participants completely finished offloading millions in tokens, effectively liquidating the massive supply overhang that had previously capped HYPE’s upside momentum.
• Bitwise ETF Secures Key Net Inflows: Institutional demand is accelerating. On October 30, the Bitwise Hyperliquid ETF (BHYP) successfully bucked broader altcoin trend outflows, pulling in an additional $3.70 million in daily net inflows, which lifts its historical cumulative inflows to $126 million.
• Deepening Liquidity Supercharge: Platform data highlights that Hyperliquid's core order-book depth for premier pairs like BTC has officially overtaken major centralized giants like Binance, validating its structural design as a tier-1 trading venue.
Probability over emotion, being the casino instead of the gambler, and why following the charts beat chasing fear and greed.
Start Trading >>
