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DeFi + Perps + RWA Triple Narrative Overlay $HYPE
Today HYPE is trading around $39.5, down 1-2% in the last 24 hours, with market cap holding steady in the top 10 and daily trading volume of 200-300 million dollars.
Over the past week it's actually up around 6%, but today it's following the market with a slight pullback.
The main positive catalyst is Grayscale officially filing an S-1 application on March 20 to launch the HYPE ETF (ticker GHYP). If approved, institutions will have a clear entry channel.
Hyperliquid itself has substantial perpetual trading volume, accumulating 191B+ over 30 days, and prediction market functionality is also advancing.
In the near term, minor support at 38u, with strong support along the lower trendline around 35u. Consider scaling into positions.