- HYPE price failed to hold above $45 and now trades near the $43 range.
- 21Shares advanced its Hyperliquid ETF filing with a second amended S-1.
- Technical signals show higher lows and bullish reversals.
After a failed price uptick above $45 yesterday, the HYPE price has continued to trade around the $43 zone. During today’s Asian trading session, HYPE opened its market value at $43.19; since then, HYPE’s price has followed an upward trend as it tries to reclaim the prior $45 zone, which acts as its monthly all-time high. This recovery trial comes at a time when 21Shares has filed its second amendment for its Hyperliquid ETF.
21Shares Advances Hyperliquid ETF Filing With New SEC Amendment
21Shares moved its Hyperliquid ETF filing forward with a second amended S-1 on Tuesday. The filing showed contact with the Securities and Exchange Commission and outlined seed creation details. It also stated the fund expects to list on Nasdaq under THYP. The amended registration showed 21Shares US LLC serves as the fund’s sponsor. It said the sponsor bought two seed shares at $50 each on March 18. It redeemed those shares during the following week, according to the filing.
The document described a planned initial seed creation basket before listing. 21Shares plans to buy 20,000 shares from the trust at $25 each. The issuer said it will use that basket to acquire HYPE before launch. The filing did not disclose a sponsor fee for the ETF. However, it detailed a staking plan for part of the trust’s HYPE holdings. The filing said the trust generally intends to stake between 30% and 70%.
The document tied that range to the utilization rate analysis applied to historical data. It also said the stakeholder’s share may move lower or higher over time. That language gave details on how the fund may handle tokens. 21Shares filed its HYPE ETF application last October. Bitwise filed a second amended S-1 last Friday for its competing product. Grayscale also filed for an HYPE ETF, while Bitwise expects the ticker BHYP with a 0.67%.
Bears vs Bulls: HYPE Price 24H Drop Meets 11% Weekly Surge
As the Hyperliquid ETF’s second amendment advances, the HYPE price seems to be struggling to maintain its monthly high. According to CoinMarketCap observations at the time of writing this piece, the HYPE price traded at $43.98 during the latest reading, showing a 2.21% daily decline. The HYPE price started near the upper end of its range before earlier gains were erased. That dip pushed the Hyperliquid price lower, showing bearish control.
After the decline, the HYPE price steadied and moved sideways, with rebounds failing to build lasting momentum. Bulls later returned and drove a recovery that lifted HYPE back toward the middle range. That rebound gained pace, although sellers reappeared before the HYPE price could retest the earlier session high.
Another fall followed, yet the decline stayed down than the first drop and kept a bullish move. Price then turned higher again, forming recoveries that kept the session structurally active. The weekly move remains strong, with HYPE still more than 11% higher over seven days. That advance kept bulls engaged, even as bears pressed repeatedly to slow the recovery.
HYPE Price Setup Stays Bullish as CDLTRD Indicator Hints More Upside
Despite the 24-hour dip, HYPE’s price is set to unlock new levels as bulls are maintaining control. According to a detailed TradingView technical analysis, the CDLTRD v0.5 indicator still favors a rise in HYPE’s price. It has tracked repeated bullish reversal signals after pullbacks, and those signals have led to fresh upward legs across the recent structure.
The indicator’s moving trend leg has reversed upward after the recent decline, and recent bullish engulfing signals have emerged in the retracement zone. This arrangement corresponds to previous periods when the price stalled, reset, and resumed its upward course. The present structure also has a series of higher lows and recovering swing highs.
The bears in the recent past have had short pullbacks and no comprehensive breakdown. The following move is based on that behavior, and the market involves another push to the recent high zone. The bullish opinion becomes weak only when the price fails to maintain the latest higher-low formation and when the indicator turns to a continuous downward trend.
