What to know:
- Hyperliquid (HYPE) price is testing key resistance, with a move above $60 potentially restoring bullish momentum.
- Analysts warn a rejection could trigger a deeper correction as the recovery came on lower trading volume.
- Japan-listed Eole Inc. became the first publicly traded Japanese company to add HYPE to its treasury.
Hyperliquid (HYPE) is testing a key resistance level after breaking its long-term uptrend, with analysts watching for either a renewed bullish breakout or a deeper correction for the HYPE price. Meanwhile, Japan-listed Eole has become the country’s first public company to hold HYPE, reflecting growing institutional confidence in the blockchain’s long-term potential.
At the time of writing, HYPE is trading at $56.16 with a 24-hour trading volume of $328.69 million and a market capitalization of $14.17 billion. Despite the signs of stability over the last 24 hours, the HYPE price structure and institutional adoption point to a bullish reversal ahead.
Source: CoinMarketCap
Also Read: Hyperliquid Launches Permissionless HIP-4 Markets on Testnet
HYPE Price Near Major Make-or-Break Level
According to the crypto analyst Umair Orakzai, the HYPE price is approaching a crucial technical test after breaking below a long-standing ascending trendline that fueled its rally from nearly $20 to around $80 over the past six months.
The breakdown ended its bullish market structure, suggesting momentum has weakened. Analysts view the move as an early sign that sellers may be gaining control of the trend.
Source: Umair Orakzai’s X Post
Following the decline, the HYPE price is once again showing signs of recovery by testing the level that used to be support but is now turning into a potential resistance area.
This rise is occurring with decreasing volumes, suggesting a lack of buying pressure. Failure at this level might result in a further drop, while rising above $60 will invalidate the bears’ case.
Eole Becomes Japan’s First Public HYPE Holder
The data from Hyperliquid Daily further highlighted that Tokyo Stock Exchange Growth Market-traded company Eole Inc. has made history by becoming the first publicly listed company in Japan that successfully acquired Hyperliquid’s native coin, HYPE.
The company spent roughly ¥10.1 million ($66,000) purchasing around 1,078 HYPE tokens at the end of July. Eole Inc. is now demonstrating strong intentions to increase its investment in HYPE tokens to ¥100 million ($611,000).
According to Eole, this investment forms the backbone of the company’s long-term “Neo Crypto Bank” concept, which involves incorporating blockchain technology into future financial services.
Eole sees the ultrafast nature of Hyperliquid’s network as the perfect fit for AI-powered trading, automatic transactions, and autonomous financial actions, in addition to its existing Bitcoin holdings.
What Happens Next for HYPE
The HYPE price approaches the $60 resistance, marking a critical technical level. A breach in strong volume could affirm positive trend continuation; however, its failure to do so may result in a decline.
Investors should be watching the planned HYPE buy-ins by Eole as well since consistent institutional buying could prove supportive.
Also Read: Hyperliquid (HYPE) Price Holds Above $55 Despite TD Sequential Sell Signal
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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