The post Telegram’s Lighter integration fuels HYPE – Breakout toward $42 IF… appeared on BitcoinEthereumNews.com.

Telegram’s Lighter integration drew attention to Hyperliquid. However, a large whale moved in the opposite direction immediately. Source: Onchain Lens The whale dumped 12.2K HYPE worth $449.1K and placed another 10.4K HYPE sell order worth $386K. He also withdrew $1.26M in USDC, reducing exposure. That move followed his exit from multi-million dollar HYPE longs after the 3rd of April. His $1.72M+ lifetime PnL suggested calculated positioning. However, this created a divergence between the bullish narrative and capital flow. That shift raised concerns about distribution in strength. Bullish flag holds as HYPE compresses HYPE maintained a bullish flag after rallying toward $42.10. Price pulled back into a descending channel, forming the structure. The asset traded between $35.37 support and $38 resistance, showing controlled consolidation. Each lower-bound retest attracted buyers, preserving structure. However, Hyperliquid [HYPE] failed to reclaim $38 decisively, signaling hesitation near resistance. This left the market waiting for a breakout. A move toward $42.10 remained likely if resistance broke. RSI stabilized near 49.18, with its moving average near 51.50. The indicator cooled after nearing overbought levels around 70. Lower highs on RSI suggested weakening buying pressure. Source: TradingView HYPE short liquidations dominate recent activity The Liquidation chart had shown that short liquidations had outweighed long liquidations, reinforcing upward pressure in the market.  Recent figures had recorded $26.58K in short liquidations compared to $4.14K in long liquidations.  This imbalance had indicated that bearish positions had been forced out as the price held above key levels.  As a result, the market had experienced localized short squeezes, which had supported price stability within the flag.  However, the absence of large liquidation spikes had suggested controlled volatility rather than aggressive expansion.  Liquidity had continued to build around the $35.37 support and $38 resistance zones, leaving the market positioned for a decisive move. Source: CoinGlass…

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Filed under: News - @ April 7, 2026 10:29 pm