Hyperliquid DATs Hold Nearly 9% of HYPE's Circulating Supply
- Significant Institutional Demand: Hyperliquid DATs currently hold nearly 9% of HYPE's circulating supply, surpassing BTC, ETH, SOL, and BNB, indicating strong institutional interest that could drive future price increases.
- Optimistic ETF Approval Outlook: Progress in HYPE's ETF filings has made the approval path appear more realistic to market observers, potentially attracting passive inflows that would further tighten HYPE's supply-demand dynamics.
- Positive mNAV Environment: HYPE stands out as the only asset in the DAT dataset trading at a positive modified net asset value (mNAV), providing digital asset treasuries with a clearer path to raise capital, thereby enhancing market confidence.
- Changing Supply Dynamics: Although HYPE's circulating supply is relatively low, the concentration of institutional holdings and the progress of ETF applications suggest that future inflows could translate directly into price support, creating a unique market structure.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR). As of , Major (MAJOR) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 6 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MAJOR 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, MAJOR 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 $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0148 | 0.0355 | 0.0486 | 0.0693 | 0.0824 | 0.103 | 0.116 |
| Fibonacci | 0.0355 | 0.0484 | 0.0564 | 0.0693 | 0.0822 | 0.0902 | 0.103 |
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