炒作看起來可以重新測試其35美元的ATH

憑藉當前的動力和圖案強度，炒作看起來可以重新測試其35美元的ATH。作者：愛麗絲。更新：2025年5月10日，1：13：13 PDT。

Hyperliquid (HYPE) has made a strong recovery, rising 105% in one month to trade above the critical $20 mark again.

Hyproliquid（Hype）的恢復強勁，一個月內又上漲了105％，以高於關鍵$ 20的交易。

At press time, HYPE is priced at $21.18 (+5.39% daily) with a market cap of $7.07B and 24h volume of $127.66M (+47.19%). The coin reached an all-time high (ATH) of $35.02 on Dec 21, 2024 (around ~40% off ATH), and several traders are hoping for a portfolio full reversal.

發稿時，HYPE的價格為21.18美元（每天+5.39％），市值為7.07b美元，24H量為1.2766億美元（+47.19％）。硬幣達到了2024年12月21日（ATH折扣約40％）的歷史最高高（ATH），幾位交易者希望投資組合完全逆轉。

HYPE’s momentum is attributed to the following catalysts:

炒作的勢頭歸因於以下催化劑：

Hyperliquid introduced a fee and staking system on May 5. Users can now stake their HYPE coins to receive a trading fee discount of between 5% and 40%, depending on the amount staked.

Hyperliquid在5月5日引入了費用和蓄積系統。用戶現在可以將其炒作硬幣放置，以獲得5％至40％之間的交易費用折扣，具體取決於固定金額。

The fee discount uses different rates for futures and spots, and spot volume counts as double for fee tier calculations. A big upgrade comes from linking staking and trading accounts, so the discounts apply to any trading account and will incentivize all traders to engage and provide liquidity to the platform.

費用折扣使用不同的期貨和景點的費率，而現貨量數則是費用層計算的雙倍。鏈接存放和交易帳戶的鏈接，因此折扣適用於任何交易帳戶，並將激勵所有交易者參與並為平台提供流動性。

Ethena Labs has integrated its USDe stablecoin into Hyperliquid’s DEX, and integrated USDe with its HyperEVM blockchain. Users who hold 100+ USDe on HyperCore are now eligible to earn daily rewards for holding USDe in their accounts that automatically air-drop to their spot accounts!

Ethena Labs將其USDE Stablecoin集成到Hyperliquid的DEX中，並將USDE與其HypereVM區塊鏈集成在一起。現在，在HyperCore上持有100多家USDE的用戶現在有資格獲得每日獎勵，因為將USDE拿到他們的帳戶中，這些帳戶會自動到達現貨帳戶！

This integration allows for better liquidity as it builds asset use cases for USDe, and increases interest from investors in the entire Hyperliquid crypto ecosystem.

這種集成可以在為USDE建立資產用例時提供更好的流動性，並增加整個超流利加密生態系統中投資者的利息。

Chart: TradingView

圖表：TradingView

Key Highlights:

關鍵亮點：

Main support zone: $17.5–18.0 has held well during past dips. Key resistance zone to watch for breakout: $26–28.

主要支持區：$ 17.5–18.0在過去的傾角期間保持良好狀態。關注突破的關鍵阻力區：26-28美元。

This zone also coincides with the 0.618–0.786 Fib levels (Fibonacci retracement drawn from the previous high at $35 to the recent low at $10).

該區域還與0.618–0.786的FIB水平相吻合（斐波那契回波從前高點繪製為35美元至最近的低價為10美元）。

Chart pattern: Recently completed a V-shaped recovery and is now forming an ascending triangle—a bullish chart pattern.

圖表模式：最近完成了V形恢復，現在正在形成一個上升的三角形 - 看漲圖表模式。

Breakout point: Pay close attention to a candle that can fully close above the $26–28 zone with strong volume.

突破點：密切注意可以完全關閉的蠟燭，該蠟燭的體積很強。

If sellers fail to defend the 0.618 Fib and 100% Fib levels, and buyers can push above the triangle, the next target is around $33–35 (previous all-time high).

如果賣家無法捍衛0.618的纖維和100％的FIB水平，並且買家可以推高三角形，那麼下一個目標是33-35美元左右（以前的歷史高高）。

At the current pace, this move could happen in the next 4–6 weeks.

在目前的速度下，這一舉動可能會在接下來的4-6週內發生。

Liquidity & Liquidations: How On-Chain Data Confirms HYPE’s Breakout Potential

流動性和清算：鏈上數據如何確認炒作的突破潛力

Volume Surge: Confidence Rebuilding

音量激增：重建信心

HYPE’s on-chain volume tells the story of a market regaining strength. After its big run earlier in the year, volume cooled to around $2.39B by April 5—showing a pause in trader interest and liquidity as price corrected.

Hype的鏈量量講述了市場恢復實力的故事。在今年早些時候進行大量運行之後，到4月5日，數量降低至2.39 b左右，隨著價格糾正，交易者的利息和流動性停止了。

But on May 6, daily volume jumped back to $5.27B, marking a strong resurgence of participation. This confirms that the current uptrend is supported by real buying power, not just a weak technical bounce.

但是在5月6日，每日銷量躍升至5.27B美元，這標誌著參與的強烈復興。這證實了當前的上升趨勢得到了真正的購買力，而不僅僅是技術反彈。

Liquidation Heatmap: Historical & Current Pressure Zones

清算熱圖：歷史和當前壓力區

The liquidation map shows how traders have been positioned. During past corrections, especially after its all-time high, HYPE saw heavy long liquidations between $50K–$82K BTC equivalent, with a peak of 886 BTC liquidated at $82K.

清算圖顯示了交易者如何定位。在過去的校正期間，尤其是在其歷史最高時，大肆宣傳在5萬美元至82K $ 82K BTC的同等水平之間，峰值為886 BTC的峰值為82K美元。

These events reveal where bulls were forced out, marking danger zones in bearish scenarios. Now, the tables are turning: shorts are heavily stacked between $103K–$142K, with recent spikes (e.g., 722 BTC at $103K) showing that many are betting against further upside.

這些事件揭示了公牛被迫出現的地方，標誌著看跌場景中的危險區域。現在，桌子正在轉：短褲大量堆積在$ 103K至142K之間，最近的Spikes（例如，722 BTC為103K $ 103K），表明許多人都在賭注與進一步的上升空間。

If HYPE clears the $26–28 resistance, these shorts could get squeezed fast—likely triggering a surge toward the $33–35 ATH area.

如果炒作清除了26-28美元的抵抗力，這些短褲可能會迅速擠壓，這很可能會引發33-35美元的ATH地區的激增。