{"id":8681,"date":"2026-04-27T11:49:02","date_gmt":"2026-04-27T11:49:02","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=8681"},"modified":"2026-04-27T11:49:02","modified_gmt":"2026-04-27T11:49:02","slug":"hype-holds-above-40-as-leverage-builds","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=8681","title":{"rendered":"HYPE holds above $40 as leverage builds"},"content":{"rendered":"<p><\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/02\/trading-4-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/02\/trading-4-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/02\/trading-4-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/02\/trading-4-smartcrop-363x181.png\" type=\"image\/jpeg\"\/><img decoding=\"async\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/02\/trading-4.png\" alt=\"Hyperliquid price hit $38 as trading activity rose, and with technical indicators suggesting a bullish continuation, could a new ATH be next\" width=\"100%\" height=\"100%\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<p><span style=\"font-weight: 400;\">TL;DR<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Hyperliquid (HYPE) holds near $42 with a bullish structure above $40.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The bullish structure is supported by rising futures Open Interest and positive funding rates.\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Hyperliquid (HYPE) trades above $42 on Monday, sustaining its upward trajectory from an ascending trendline.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While the broader trend remains constructive, signs of cooling retail interest contrast with a steady buildup in leveraged positions, creating a mixed near-term outlook for the decentralized exchange token.<\/span><\/p>\n<h2>Retail momentum fades as social dominance drops<\/h2>\n<p><span style=\"font-weight: 400;\">Retail-driven momentum appears to be weakening. Data from Santiment shows Hyperliquid\u2019s social dominance has declined sharply to 0.137%, down from 0.688% at the height of the US-Iran conflict in late March.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The drop suggests reduced retail attention as geopolitical tensions ease, removing a key narrative driver that previously fueled speculative interest in the DEX.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In contrast, derivatives activity is heating up. According to CoinGlass, <\/span><span style=\"font-weight: 400;\">HYPE futures Open Interest (OI)<\/span><span style=\"font-weight: 400;\"> has climbed roughly 3% over the past 24 hours to $1.65 billion, signaling an increase in outstanding leveraged positions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Funding rates remain positive at 0.0077%, indicating that long positions continue to dominate. This persistent positive funding over the past month reflects growing bullish conviction among leveraged traders, even as spot-driven retail enthusiasm cools.<\/span><\/p>\n<h2>HYPE price outlook: Rising wedge puts $40 support in focus<\/h2>\n<p><span style=\"font-weight: 400;\">The HYPE\/USD 4-hour chart is bullish and efficient as HYPE is consolidating within a rising wedge.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The token remains supported above both its 50-day EMA at $38.98 and 200-day EMA at $34.90, reinforcing the underlying bullish structure.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Momentum indicators suggest steady but controlled upside. The Relative Strength Index (RSI) sits at 56, pointing to positive but not overbought conditions, while the MACD is trending higher toward a bullish crossover, hinting at fading downside pressure.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If the bulls push higher, they would encounter immediate resistance at the $43.71 level, which caps the current recovery and aligns with the upper wedge boundary near $46.80. A decisive break above this zone could trigger a stronger bullish continuation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, if the market undergoes a correction, the ascending trendline support near $41.21 remains critical.\u00a0<\/span><\/p>\n<p><img fetchpriority=\"high\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"alignnone size-full wp-image-364398\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/04\/ADAUSD_2026-04-27_08-10-58.png\" alt=\"HYPE\/USD 4H Chart\" width=\"1793\" height=\"836\"\/><\/p>\n<p><span style=\"font-weight: 400;\">A breakdown below this level would likely expose the 50-day EMA at $38.98, with the 200-day EMA at $34.90 acting as a deeper demand zone if selling pressure intensifies.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While Hyperliquid\u2019s structure remains bullish above $40, the divergence between fading retail interest and rising leverage suggests the next move could be determined by whether momentum expands or reduces. <\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p>Analysis,Hyperliquid#HYPE #holds #leverage #builds1777290542<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Hyperliquid (HYPE) holds near $42 with a bullish structure above $40. The bullish structure is supported by rising futures Open Interest and positive funding rates.\u00a0 Hyperliquid (HYPE) trades above $42 on Monday, sustaining its upward trajectory from an ascending trendline.\u00a0 While the broader trend remains constructive, signs of cooling retail interest contrast with a<\/p>\n","protected":false},"author":1,"featured_media":7034,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":{"0":"post-8681","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eurozone"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>HYPE holds above $40 as leverage builds - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"HYPE trades near $42 as rising leverage supports upside, but fading retail interest and key resistance levels keep the near-term outlook uncertain.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=8681\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HYPE holds above $40 as leverage builds\" \/>\n<meta property=\"og:description\" content=\"HYPE trades near $42 as rising leverage supports upside, but fading retail interest and key resistance levels keep the near-term outlook uncertain.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=8681\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-27T11:49:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/02\/trading-4-1024x683.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"683\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=8681\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=8681\",\"name\":\"HYPE holds above $40 as leverage builds - Crypto News: Latest Cryptocurrency News and Analysis\",\"isPartOf\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=8681#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=8681#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/02\/trading-4.png\",\"datePublished\":\"2026-04-27T11:49:02+00:00\",\"author\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\"},\"description\":\"HYPE trades near $42 as rising leverage supports upside, but fading retail interest and key resistance levels keep the near-term outlook uncertain.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=8681#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptonews.uk.com\/?p=8681\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=8681#primaryimage\",\"url\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/02\/trading-4.png\",\"contentUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/02\/trading-4.png\",\"width\":1536,\"height\":1024},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=8681#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptonews.uk.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"HYPE holds above $40 as leverage builds\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptonews.uk.com\/#website\",\"url\":\"https:\/\/cryptonews.uk.com\/\",\"name\":\"Crypto News: Latest Cryptocurrency News and Analysis\",\"description\":\"Latest Crypto &amp; 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