• Large HYPE wallets increase activity, signaling rising investor confidence.
• Whale movements suggest early positioning for a potential market rally.
• Hyperliquid’s HIP-3 launch improves on-chain finance and capital efficiency.
• Price levels to monitor: resistance, target, and support zones.

HYPE is seeing a surge in whale activity as large holders increase token movements and accumulate more. On-chain data points to growing confidence among these influential investors. Such activity often precedes periods of higher volatility and can indicate an early shift in market sentiment.

Coin Bureau noted, referencing CryptoQuant, that whales may be positioning ahead of a possible bullish swing. Since whales are involved in increased activities, it means there could be preparations for the upcoming price rise. Traders are following these developments, as whales usually show potential market directions.

Also Read: How High Can Hype (HYPE) Rise in November 2025?

Hyperliquid Empowers Builders with HIP-3

Hyperliquid has made a big step in the HIP-3 launch courtesy of the @tradexyz, @ventuals, and @felixprotocol team efforts. The permissionless perp deploying for Hyperliquid has also launched, following the efforts of the protocol as well as the deployer. This move cements the Hyperliquid vision for an on-chain finance hub.

HIP-3 enables teams to develop financial infrastructure efficiently. Perpetual contracts improve capital efficiency and enhance price discovery. Hyperliquid continues to attract innovators seeking to reshape core elements of global finance. Early users and builders play a key role in adoption, driving growth across the ecosystem.

HYPE Price Consolidates Near Key Support Levels

From a technical perspective, the weekly charts show weakening momentum as the price remains close to $40.21, which is below the midpoint of the Bollinger Bands. The tightening of the bands also indicates that there has been some form of consolidation. The current market range remains between $44.70 and $36.31. Breaking the barrier of $44.70 will be crucial for a positive recovery.

Momentum indicators confirm this loss of strength. The RSI stands at 50.57, which means it is in a balanced state where there are equal levels of buying and selling. The bears are also gaining strength as indicated by the MACD, where the MACD line is below the Signal line, along with the Histogram standing at 1.57.

Important levels highlight targets in the near future. Resistance is positioned at $44.70, while taking it back could change market sentiment. The upside Bollinger Band, located at $53.10, represents the next important level to achieve. On the other hand, support levels are positioned at $40.00, while another level exists around $36.31. The price will continue to move until a breakout happens.

Also Read: Hyperliquid (HYPE) Nears $40: Will HYPE Extend Its Momentum Into November?