Greener Candles Crypto Market Analysis - 27/05/25

Yesterday, when I was scrolling the Crypto Twitter and YouTube looking for new ideas, I noticed that it was all about Hyperliquid! The hype is real, as people are publishing HyperEVM tutorials, $HYPE analyses, and all sorts of charts showing the massive amount of volume Hyperliquid currently generates.

If you've noticed the same and are completely fed up with the hype, I've got some bad news for you - I'm adding my own HYPE technical analysis at the end of this post as well! 😅

But first, let's take a general look at the rest of the market:

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BTC

Bitcoin looks quite strong on the 4-hour chart, creating a long bullish wick while bouncing back up. At the same time, escaping the range marked a higher low, and now BTC is looking to create a higher high. That would put the price close to ATH levels while giving it another go at entering price discovery again.

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BTC Dominance

At the same time, we can see the BTC dominance structure breaking up. This tells us the interest in other assets is increasing as well. If the BTC.D keeps on coming down, alts would definitely be something to pay attention to during this week.

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ETH & SOL

The ETH price is on the move up as well, passing the resistance line(green zone) while also creating higher lows and higher highs.

ETH is also outshining $SOL, which we can see on this 4-hour SOLETH chart, although it's good to keep in mind that these kinds of flag patterns, as seen in the picture below, tend to break upside, so not counting SOL out here.

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HYPE

I've been charting $HYPE for a while now and noticed a recurring pattern:

For the past 4 times, the $HYPE price has been declining in a way that it's respecting the diagonal trendlines I've been drawing. Every time the hitting of those lines has eventually led to $HYPE breaking up without it re-testing the diagonal.

Another descending pattern is currently forming, and if we assume this time won't be any different, $HYPE could be bouncing back up from the previous horizontal line and into the price discovery again.

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Conclusion

Usually want to stay out of buying into FOMO, but $HYPE has pretty strong fundamentals & tokenomics speaking for itself:

• 97% of Hyperliquid's revenue is used to buyback & burn $HYPE via the Assistance Fund.
• $HYPE is not available on tier 1 CEXs (Binance, Coinbase, Kraken).
• $HYPE represents the Onchain Narrative, the battle between Centralization & Decentralization, between Crypto Natives & Institutions.
• Airdrop narrative continues: 38% of the supply will be allocated to the community
• The undisputed king of perp DEXs, no one comes even close and Hyperliquid's Perps volume is expected to be over $200 billion this month.

Also, the HyperEVM is gaining a lot of attention as users speculate that being active there could lead to a better airdrop allocation. That being said, and even though I'm bullish on $HYPE, I'd be cautious of the beta plays, Hype memecoins & other low-cap tokens on HyperEVM. Very high risk/high reward stuff at this point.

But hey, that's all for today, hope you liked it and don't forget to leave a comment 🙂👇.

Thank you for reading!

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Let's connect on X

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Apps and Airdrops:

🔹 Hyperliquid - the best perp DEX out there. Trade, stake & farm the next big airdrop!
🔹 HyperSwap - Swap & provide liquidity on HyperEVM, earn points for the airdrop
🔹 LeoDex - multi-chain, multi-wallet dex for all of your swaps
🔹 VOLO - stake SUI to earn APR & airdrop points!
🔹 Grass - $GRASS token launch surprised everyone, don't miss the second season!

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