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Why Traders Hold Hope for an Upcoming Rally?

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Hyperliquid (HYPE) has faced a lack of bullish momentum since the start of the year. Despite brief rallies, it has struggled to break through key resistance levels. 

Enthusiasts remain optimistic, especially since the token distancing itself from Bitcoin’s broader trends positions HYPE for potential future gains.

HYPE Has A Shot At Breakout

Despite the recent lack of price action, HYPE’s funding rate remains positive, signaling traders’ continued optimism. Many traders have maintained long contracts, anticipating a price recovery. This positive sentiment is crucial for supporting a potential rally and preventing the token from seeing significant declines in the near term.

This optimism suggests that HYPE’s traders are confident about its potential for upward movement, even though the token has been underperforming. The persistence of long positions also shows that traders are betting on a rebound. If this sentiment is sustained, it could help HYPE maintain a stable price floor and set the stage for future growth.

HYPE Funding Rate.
HYPE Funding Rate. Source: Coinglass

HYPE’s correlation with Bitcoin has been negative, which adds complexity to its market outlook. While Bitcoin has been struggling to maintain support above $100,000, it still presents a bullish outlook. However, HYPE’s decoupling from Bitcoin means that it may not capitalize on Bitcoin’s potential rally, especially with the recent decline in correlation.

The weakening of this correlation could make HYPE more vulnerable to corrections, as its price may not be as responsive to Bitcoin’s moves. If Bitcoin continues to show strength, HYPE’s lack of correlation could lead to further struggles, hindering its ability to break past crucial resistance levels.

HYPE Correlation To Bitcoin
HYPE Correlation To Bitcoin. Source: TradingView

HYPE Price Prediction: New High In Sights

HYPE has been stuck in a consolidation range since the beginning of 2025, oscillating between $19 and $27. This range-bound trading suggests that the altcoin is waiting for a breakout. A push above $27 could signal the start of a rally, but the lack of momentum has kept it from making significant gains.

A potential rise toward $32 is within reach if HYPE manages to breach $27 and hold above that level. Achieving this would mark progress toward breaking the all-time high (ATH) of $42, with a 63% rise needed to reach that level. If $32 becomes a support floor, a new ATH could be in sight.

HYPE Price Analysis
HYPE Price Analysis. Source: TradingView

However, if HYPE fails to breach $27 and instead loses support at $23, the price could fall back to $19, continuing its consolidation. This would invalidate the bullish outlook and signal that HYPE may need more time to recover and gather momentum for a more significant rally.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Berachain Airdrop Details Announced Ahead of Mainnet Launch

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Berachain announces airdrop details ahead of its mainnet launch on February 6. The network will airdrop 15.8% of its total 500 million BERA tokens to eligible users after the token generation event (TGE) on the mainnet.

Berachain’s mainnet launch has gained notable engagement among the crypto community, largely due to its unique Proof-of-Liquidity (PoL) consensus mechanism. The project previously raised $142 million worth of funding in two rounds. 

Berachain Airdrop Details

After the mainnet launch announcement yesterday, Berachain today revealed detailed tokenomics of the BERA token and airdrop details.

The distribution targets a wide range of participants. This includes testnet users, NFT holders, community builders, social media supporters, and ecosystem dApps.

The largest share of the BERA airdrop will go to holders of Bong Bears NFTs and related rebases—such as Bond, Boo, Baby, Band, and Bit Bears. This will include users who bridge their NFTs to Berachain. 

Additionally, over 8.2 million BERA tokens will be airdropped to users who participated in Berachain’s public testnets. 

The network previously launched two testnets, Artio and bArtio. These testnets were used to evaluate the network’s infrastructure and dApp performance.

BERA airdrop tokenomics
BERA Tokenomics. Source: Berachain

The Berachain Foundation has set aside 1.25 million BERA tokens for community members active on social platforms, excluding dApp accounts and Berachain team members.

Also, in collaboration with Binance, Berachain will distribute 10 million BERA tokens to BNB holders. Those who subscribed to Binance’s ‘BNB to Simple Earn’ program between January 22 and 26 will qualify for this airdrop as part of Binance’s HODLer Airdrops campaign.

Berachain’s approach aims to reward early supporters and active participants within its growing ecosystem. This airdrop sets up the stage for the mainnet launch.

Users can check BERA airdrop eligibility using their wallet addresses. After the TGE and mainnet launch, BERA will be listed on Binance and MEXC. 

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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MEXC Fuels DeFi Innovation and Liquidity Security with the Berachain (BERA) Listing

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MEXC, the world’s leading cryptocurrency trading platform, announced the listing of the Berachain (BERA), scheduled for February 6, 2025, at 13:00 (UTC). The launch on MEXC will be accompanied by Airdrop+ rewards of 19,100 BERA and 50,000 USDT

Berachain: From Meme to EVM-Identical Layer 1

Berachain began as a meme, inspired by bear-themed JPEGs, and has since evolved into the creation of an innovative blockchain. It is a Layer 1 network that is both EVM-compatible and powered by a unique Proof of Liquidity (PoL) consensus mechanism. With this mechanism, validators not only stake tokens but also provide liquidity. Through its Proof of Liquidity (PoL) model, Berachain leverages active liquidity providers to secure the network, effectively turning capital into a core security resource. 

This groundbreaking approach has attracted significant financial backing, with the project raising $142 million in its latest funding round. As of January 2, the Berachain official website reports that 234 protocols are actively participating in its bArtio Testnet. BERA is a gas token, used for transactions and staking within its ecosystem. 

Berachain, powered by the BeaconKit modular consensus layer and built on the Cosmos SDK, offers flexibility for Ethereum-based blockchains. It enables developers to create both Layer-1 and Layer-2 solutions without needing to rewrite programming languages. Recently, Berachain launched Boyco, a pre-launch liquidity platform in collaboration with Enso and LayerZero, designed to address the cold start issue for new decentralized applications. Boyco’s pre-deposit vaults have already reached $2.2 billion.

Celebrate the BERA Launch with a prize pool of 19,100 BERA & 50,000 USDT

In a significant show of support for Berachain and its expansive ecosystem, MEXC is set to list the new BERA token. This move not only underscores MEXC’s commitment to pioneering blockchain projects but also connects users with a dynamic network that fuels cutting-edge initiatives. 

MEXC, known for quickly listing trending tokens, expands its offerings with Berachain (BERA). The BERA/USDT trading market officially launched in the Innovation Zone on February 6, 2025, at 13:00 (UTC), followed by the introduction of the BERA USDT perpetual futures at 13:10 (UTC), offering adjustable leverage from 1x to 50x with both cross and isolated margin modes. 

To celebrate the listing of Berachain (BERA) on MEXC Spot and Futures on February 6, MEXC is launching a series of exclusive activities starting on February 5, 2025, at 05:00 (UTC). Participants will have the chance to win BERA tokens, USDT bonuses, and other exciting rewards, with opportunities available for both new and experienced users.

These activities include:

  • Event 1: Deposit and Share 14,000 BERA (New User Exclusive)

Deposit at least 15 BERA or 100 USDT to qualify. 

Trade BERA Spot ($100) or trade BERA Perpetual Futures ($500) to earn 2 BERA each, limited to 3,500 users per activity, on a first-come, first-served basis.

  • Event 2: Spot Challenge — Trade to Share 1,000 BERA (Open to All Users). 
  • Event 3: Futures Challenge — Trade to Share 50,000 USDT in Futures Bonuses (Open to All Users). 

The top 2,000 users with trading volumes over 20,000 USDT will share the reward pool, with individual rewards of up to 5,000 USDT.

  • Event 4: Invite New Users and Share 4,000 BERA. 
  • Event 5: Spread the Word and Win 1,00 BERA Rewards 

Your Easiest Way to Trending Tokens 

MEXC aims to become the go-to platform offering the widest range of valuable crypto assets. The platform has grown its user base to 30 million by providing a diverse selection of tokens, high-frequency airdrops, and simple participation processes. In 2024, MEXC launched a total of 2,376 new tokens, including 1,716 initial listings and 605 memecoins, with total airdrop rewards exceeding $136 million. 

About MEXC

Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto”. Serving over 30 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.

MEXC Official Website X TelegramHow to Sign Up on MEXC





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MELANIA Meme Coin Rebounds Strongly, Tops Market Rally

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Melania Trump’s meme coin, MELANIA, has made a strong comeback, noting a 19% price surge in the past 24 hours. This comes after the meme coin plunged to an all-time low of $1.23 during Monday’s trading session.  

MELANIA currently leads market gains, outperforming major digital assets as demand strengthens. With rising buying pressure, this uptrend might continue.

MELANIA Sees Resurgence in Trading Activity

The surge in demand for MELANIA is evident in its rising trading volume. At press time, this totals $203 million, climbing by 78% in the past 24 hours. 

MELANIA Price and Trading Volume
MELANIA Price and Trading Volume. Source: Santiment

When a surge in trading volume accompanies an asset’s price rally, it indicates a strong market conviction, as more participants are actively buying the coin. 

High trading volumes like this confirm the legitimacy of the price movement. It shows that MELANIA’s rally is driven by actual demand for the meme coin and not fueled by manipulative trades. This signals the likelihood of sustained momentum, increasing the chances of the rally continuing.

Moreover, MELANIA’s open interest has also climbed by 56% in the past 24 hours, highlighting the high demand for the token. Per Coinglass data, this sits at $75.44 million at press time.

MELANIA Open Interest
MELANIA Open Interest. Source: Coinglass

Open interest measures the total number of outstanding futures or options contracts that remain unsettled. When it climbs during a price rally, it suggests new money is entering the market, reinforcing the uptrend and indicating strong trader confidence in continued price movement.

MELANIA Price Prediction: Key Indicator Points to More Upside

On the daily chart, MELANIA’s Chaikin Money Flow (CMF), which measures an asset’s money flow, is set to break above the zero line. This setup signals increasing buying pressure and the potential shift toward a sustained bullish trend.

If this trend continues, MELANIA could extend its gains and break above $2.

MELANIA Price Analysis.
MELANIA Price Analysis. Source: TradingView

On the other hand, if the meme coin rally wanes, MELANIA’s price could revisit its all-time low of $1.23.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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