炒作看起来可以重新测试其35美元的ATH

凭借当前的动力和图案强度，炒作看起来可以重新测试其35美元的ATH。作者：爱丽丝。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）的恢复强劲，一个月内又上涨了105％，以高于关键$ 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.

发稿时，HYPE的价格为21.18美元（每天+5.39％），市值为7.07b美元，24H量为1.2766亿美元（+47.19％）。硬币达到了2024年12月21日（ATH折扣约40％）的历史最高高（ATH），几位交易者希望投资组合完全逆转。

HYPE’s momentum is attributed to the following catalysts:

炒作的势头归因于以下催化剂：

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日引入了费用和蓄积系统。用户现在可以将其炒作硬币放置，以获得5％至40％之间的交易费用折扣，具体取决于固定金额。

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.

费用折扣使用不同的期货和景点的费率，而现货量数则是费用层计算的双倍。链接存放和交易帐户的链接，因此折扣适用于任何交易帐户，并将激励所有交易者参与并为平台提供流动性。

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将其USDE Stablecoin集成到Hyperliquid的DEX中，并将USDE与其HypereVM区块链集成在一起。现在，在HyperCore上持有100多家USDE的用户现在有资格获得每日奖励，因为将USDE拿到他们的帐户中，这些帐户会自动到达现货帐户！

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.

这种集成可以在为USDE建立资产用例时提供更好的流动性，并增加整个超流利加密生态系统中投资者的利息。

Chart: TradingView

图表：TradingView

Key Highlights:

关键亮点：

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

主要支持区：$ 17.5–18.0在过去的倾角期间保持良好状态。关注突破的关键阻力区：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).

该区域还与0.618–0.786的FIB水平相吻合（斐波那契回波从前高点绘制为35美元至最近的低价为10美元）。

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

图表模式：最近完成了V形恢复，现在正在形成一个上升的三角形 - 看涨图表模式。

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

突破点：密切注意可以完全关闭的蜡烛，该蜡烛的体积很强。

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).

如果卖家无法捍卫0.618的纤维和100％的FIB水平，并且买家可以推高三角形，那么下一个目标是33-35美元左右（以前的历史高高）。

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

在目前的速度下，这一举动可能会在接下来的4-6周内发生。

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

流动性和清算：链上数据如何确认炒作的突破潜力

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的链量量讲述了市场恢复实力的故事。在今年早些时候进行大量运行之后，到4月5日，数量降低至2.39 b左右，随着价格纠正，交易者的利息和流动性停止了。

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，每日销量跃升至5.27B美元，这标志着参与的强烈复兴。这证实了当前的上升趋势得到了真正的购买力，而不仅仅是技术反弹。

Liquidation Heatmap: Historical & Current Pressure Zones

清算热图：历史和当前压力区

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.

清算图显示了交易者如何定位。在过去的校正期间，尤其是在其历史最高时，大肆宣传在5万美元至82K $ 82K BTC的同等水平之间，峰值为886 BTC的峰值为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.

这些事件揭示了公牛被迫出现的地方，标志着看跌场景中的危险区域。现在，桌子正在转：短裤大量堆积在$ 103K至142K之间，最近的Spikes（例如，722 BTC为103K $ 103K），表明许多人都在赌注与进一步的上升空间。

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，这些短裤可能会迅速挤压，这很可能会引发33-35美元的ATH地区的激增。