hyperliquid:native as close to pure RS, great tokenomics and great chart you’ll find.
Probably will be up multiples into the next cycle.
Barely any bounce in the space and Hyper is back on highs.
$HYPE my favorite setup.
Weekly consolidation right at all-time highs with the 10-week MA catching up.
Trades linear, great team behind the project and actually generates 9-figure plus in fees.
What makes me more bullish is a contrarian trend-following setup.
No one likes crypto right now as it is in crypto winter, which makes me like this idea even more.
What do you think happens when sentiment starts shifting just a little bit?
The WSJ article on hyperliquid is a good overview. The world will be quickly moving to efficient low cost 24-7 trading of real world financial assets not just crypto assets. The liquidity is moving to decentralized exchanges and away from more costly centralized exchanges .
On watch and for me, ready to take longs (for a trade only) $CBOE at the 200DMA, $CME and $ICE well under the 200DMA, looking for a possible relief bounce. This Hyperliquid stuff is so overdone, it's silly. They're 5 to 10 years away from being true competitors IMHO. #volume tale