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🔥 $HYPE IS DOMINATING THE MARKET — AND THE MOVE MAY NOT BE OVER YET!
Over the last few days, HYPE has delivered an explosive rally, climbing more than 30%, smashing through the $75 barrier, and registering a new all-time high while much of the market struggles to keep up.
But this isn't just another speculative pump.
📈 The chart has confirmed a breakout from a well-defined Bull Pennant structure, backed by strong participation and expanding volume. Based on the measured move, the formation points toward a potential target around $105, representing significant upside if buyers maintain control.
The derivatives market is reinforcing the bullish narrative.
🚀 Open Interest has surged to an all-time high of $3.5 billion, showing aggressive positioning from traders. Funding rates continue to stay positive, while more than $126 million worth of short positions have been wiped out since the end of May.
That's exactly how powerful short squeezes are created.
Every forced liquidation pushes additional buying pressure into the market, accelerating momentum and making the rally even stronger.
While many cryptocurrencies are still fighting for direction, HYPE continues attracting liquidity, setting new records, and forcing bearish traders onto the defensive.
🎯 If momentum remains intact, the $100 psychological level is quickly moving from a long-term objective to a realistic near-term target.
The trend remains strong, the market remains focused, and HYPE continues to lead from the front.
The only question now is how much further this momentum can carry before the market finally slows it down.
#AnthropicFilesForIPO #HYPEHitsNewATH #StrategySellsBitcoin
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