HYPE: Breaks September 2025 High at $59.7

HYPE punched through $59.7 and cleared the September 2025 high of $59.47 on the Hyperliquid perpetuals market.

The biggest short, loracle.hl, opened 1.82 million HYPE at $45.1 for a $108 million notional and now faces a $25.9 million unrealized loss with liquidation at $68.8; the largest long entered at $38.6 last November and sits on $28.64 million in paper profit.

Price action on the 4-hour chart shows HYPE testing upper Bollinger resistance at $59.86 while RSI(14) prints 82.1 in overbought territory and MACD maintains its golden cross; with the 50-EMA support anchored at $47.65 and 200-EMA at $43.39, a measured pullback toward that EMA50 level appears likely before the next leg higher in this bullish structure.