Hyperliquid HIP-4 Event Contract Achieves 6.05M Contracts on Launch Day
- First Day Trading Volume: The Hyperliquid HIP-4 event contract achieved an impressive 6.05 million contracts on its launch day, translating to over $6 million in trading activity, indicating strong interest from traders despite the competitive landscape.
- Initial Market Share Capture: The contract secured approximately 0.7% of the total prediction market share on its first day, which, while modest, represents a significant achievement for a newly launched product, showcasing market recognition.
- Comparison with Competitors: During the same period, competitors Kalshi and Polymarket recorded massive volumes of 546 million and 190 million contracts respectively, highlighting the scale difference but also reflecting the potential demand for Hyperliquid's offering.
- Market Outlook: The launch of the Hyperliquid HIP-4 contract signifies growing interest in decentralized and innovative financial products, and if user adoption continues to rise, it may gradually increase its market share and become a more significant player in the evolving prediction market landscape.
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Technical Analysis for
Technical Sentiment Analysis for (). As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for 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, 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 $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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