French Crypto Market Boosted by Whale Appetite
The cryptocurrency market continues to grow, attracting more investors and traders. While Bitcoin (BTC) and Ethereum (ETH) remain the flagship assets, new altcoins like Hyperliquid are now gathering attention. The recent surge in this token has attracted investors, including whales.
Following an uninterrupted bullish trend since April, the HYPE token has formed an ascending parallel channel, indicating that buyers have been in control of price movements for over two months. Although the price has slightly retraced recently due to profit taking, the technical signals remain very positive.
If HYPE can bounce firmly from this support level, it is likely to start a new upward phase to reach new all-time highs.
Whales Betting on Continued hyperliquid Rally
Large investors’ wallets have made significant profits by opening long positions on the HYPE token. These speculators seem determined to maintain their bet on the continuation of the bullish trend, despite the already achieved records.
The recent substantial long positions opened, totaling over $12 million, reflect the optimism of these whales about HYPE’s potential for further climbs.
In conclusion, HYPE’s value seems poised to gain nearly 70% to reach $68, with technical fundamentals and institutional investors’ appetite remaining very favourable. In an increasingly dynamic crypto market, it is essential to closely follow trends and whale movements to make informed decisions. HYPE is clearly one of the altcoins to watch closely in the coming weeks.
How to Easily Buy HYPE on Bitget ?
- Create a Bitget Account: Sign up with your email address and complete the identity verification (KYC) steps.
- Top-up Your Account: Add funds using a credit card, bank transfer, or by transferring cryptocurrencies from another wallet.
- Look for the HYPE/USDT Pair: In the Spot or Futures section of the platform, use the search bar to find the HYPE/USDT market.
- Place a Buy Order: Choose your order type (market, limit, futures contract) according to your trading strategy.
- Complete the Purchase: Confirm your transaction. Your HYPE tokens will be available directly in your Bitget wallet.
Before investing, take the time to study market trends and adjust your strategy according to your goals.
