Hyperliquid Launches HIP-4 Events Trading Platform
- New Events Trading Platform: Hyperliquid's HIP-4 platform achieved a peak of 6.05 million contracts on its first trading day, capturing 0.7% of the prediction market, indicating its potential to rapidly emerge as a major competitor to Polymarket in a highly competitive landscape.
- Permissionless Market Innovation: HIP-4 allows users to create new markets by staking 1 million HYPE tokens, contrasting sharply with the approval mechanisms of platforms like Polymarket, which is expected to attract more participants and enhance market activity.
- User Growth Record: On May 3, Hyperliquid set a record with 2,441 new wallets, bringing total users to 1.19 million; while Polymarket boasts over 18 million retail users, the launch of HIP-4 may stimulate increased user engagement on the platform.
- Transaction Fee Optimization: Hyperliquid's Central Limit Order Book (CLOB) introduces instant fill times and lowers fees for high-volume traders, which will further attract traders and enhance the platform's competitiveness, especially against the backdrop of declining market activity.
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Technical Analysis for ORDER
Technical Sentiment Analysis for Orderly Network (ORDER). As of , Orderly Network (ORDER) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ORDER 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, ORDER 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 $-.
Orderly Network (ORDER) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.041 | 0.0469 | 0.0513 | 0.0573 | 0.0617 | 0.0676 | 0.0721 |
| Fibonacci | 0.0469 | 0.0509 | 0.0533 | 0.0573 | 0.0612 | 0.0637 | 0.0676 |
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