Video Analysis on HYPE Technical Setup, from our live call earlier today. 📈 HYPE Technical Analysis [40:46-41:30] Chart Pattern Recognition Key observation: Double Top Formation 📊 Technical Levels: - Double top resistance (likely broken if ETH motors to $5k) - Support: ~$40 📍 - 200-day MA support: $28 (deeper support) Outlook: Expecting upside break with ETH strength 🚀 🎯 HYPE Price Targets Using Fibonacci [41:30-43:17] Fibonacci Analysis Key Levels to Watch: - 0.618 retracement: Price found support here ✅ - 0.786 level: Secondary target - 1.618 extension: ~$73-75 target 🎯 Hyperliquid Fundamentals Why bullish on HYPE: - Hyper EVM chain with HyperCore Layer 1 - Perp DEX dominance - Volume: More than most competitors - $20 billion monthly volume (possibly daily!) DeFi Llama Stats - DEX Volume: $1.26 billion (24 hours) - Note: This isn't total trading volume - Actual trading volume: ~$20 billion/day 🔥 💧 Hyperliquid Market Position [43:17-43:27] DEX Dominance - Extremely liquid marketplace 💧 - Majority of Perp DEX trading occurs here - "HYPE token likely to perform well" 🏛️ Ethena Protocol Overview [43:27-43:48] Introduction to Athena "One of my favorites" ⭐ Key Points: - Most successful stablecoin issuers - Basis-backed stablecoin product - USDE: Yield-bearing stable 💰 USDE Mechanics [43:48-43:58] The Hedge Fund Model USDE represents: - Yield generated by Athena's hedge fund strategy - Almost like a tokenized hedge fund yield 📈 ⚙️ Ethena's Trading Strategy [43:58-44:26] The Basis Trade Long Position: - Yield-bearing assets (wrapped staked ETH) - ~3% staking yield Short Position: - Futures contracts (equal notional size) - Capturing funding rates - Delta neutral positioning 🎯 Result: Capturing both staking yield AND funding rates! 🛡️ Risk Management with Boros [44:26-45:07] Game-Changing Development Before Boros: - Biggest risk: Funding rate volatility - Especially dangerous in bear markets 🐻

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