<ul data-eligibleForWebStory="false"><li>HYPE token, currently trading around $40, is consolidating with signs of a potential breakout indicated by on-chain and derivatives indicators.</li><li>Price consolidating near $39.06 with support at $37.55 and resistance at $40.35, implying an upcoming sharp directional move.</li><li>Increasing open interest at $1.75 billion and trading volume at $1.31 billion suggest growing market engagement and liquidity despite flat price action.</li><li>Rising open interest, steady volume, and cooling sentiment point towards a potential significant movement in HYPE's price, with $40.35 as resistance and $37.55 as support.</li></ul>

$40 Barrier in Sight: HYPE Token Shows Signs of Major Move

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