Hyperion DeFi has officially partnered with Silhouette, a newly launched shielded trading platform designed for Hyperliquid, through an HYPE Asset Use Service (HAUS) agreement.

Under this collaboration, Hyperion DeFi will provide Silhouette with access to staked HYPE, allowing users on the platform to benefit from the lowest available fee tier on Hyperliquid regardless of their individual trading volume or account size.

The architecture of Silhouette is based on privacy and saving money. Traders can use sophisticated on-chain strategies without revealing their trade secrets, all while benefiting from reduced transaction costs.

Hyunsu Jung, CEO of Hyperion DeFi, said that the partnership is a sign of increasing demand for Hyperliquid, and we are excited about the opportunity to increase revenue and grow the user base.

According to Chandler De Kock, Co-founder of Silhouette, the deal also makes a difference in the way traders are charged fees.

Previously, not everyone could get the best fee, but with this deal, everyone can get the best fee on Hyperliquid. Silhouette is also planning a growth campaign, which will help increase the amount of trading on the site.

Hyperliquid (HYPE) Price Strength and Market Structure

HYPE’s price changed from being stable to having an uptrend. It started by going through a low point, forming a base, and then shooting up, breaking through the resistance point, and creating a new high, according to analyst Altcoin Sherpa analysis.

It then came back, holding onto the support point, thereby creating a higher low, which showed that buyers were still active. It then continued shooting up, creating a higher high, which showed that the buyers, also known as the bulls, were in control.

Currently, the correction occurs within a Fibonacci retracement level, mostly within the 0.236 and 0.382 levels. This shows that the correction represents a normal movement within a healthy trend, as opposed to a reversal.

Source: X

There are multiple moving averages that are currently below the price, and they are rising in a stacked fashion, which also supports a bullish case, as well as a declining volume, which shows a lack of selling pressure.

If HYPE continues above this small area of support and above short-term resistance, the next logical move would be up, potentially even above the recent high.

A deeper pullback into the 0.5-0.618 Fibonacci area is also possible, but this would not necessarily break the overall uptrend as long as the higher low pattern continues.

Traders are paying attention to these levels to gauge strength. A drop below these levels would be the first sign of a weakening trend.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read: Hyperliquid Launches PURR Options on Nasdaq, Boosting Liquidity and Market Access