Crypto Traders Can Bet on SpaceX Valuation
- Contract Launch: OKX and Crypto.com have introduced pre-IPO perpetual futures tied to SpaceX, allowing traders to speculate on the company's valuation before its public offering, reflecting strong market interest in the upcoming IPO.
- Stock Split Impact: SpaceX recently approved a 5-for-1 stock split, adjusting its fair market value per share from approximately $526.59 to $105.32, paving the way for its anticipated Nasdaq listing with a target valuation of around $1.75 trillion.
- Market Valuation Surge: On crypto platforms, implied valuations for SpaceX are trading between $2.1 trillion and $2.5 trillion, with one platform reporting trading volumes of $30–40 million shortly after launch, surpassing Tesla's market cap.
- Regulatory Concerns Intensify: As trading volumes grow, regulators are increasingly concerned about the transparency and potential market manipulation risks associated with these contracts, especially since SpaceX does not file regular financial reports like public companies, which may confuse investors and increase leverage risks.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for HYPE
Technical Sentiment Analysis for Hyperliquid (HYPE). As of , Hyperliquid (HYPE) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for HYPE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, HYPE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Hyperliquid (HYPE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 27.745 | 32.958 | 38.511 | 43.724 | 49.277 | 54.49 | 60.043 |
| Fibonacci | 32.958 | 37.071 | 39.612 | 43.724 | 47.837 | 50.378 | 54.49 |
About HYPE
About the author
