A price analysis conducted on July 23 for Hyperliquid (HYPE), Near Protocol (NEAR), Shiba Inu (SHIB), and Dogecoin (DOGE) suggests bulls may be ready to reclaim the market. The key factor? Elevated liquidity at the start of the new week.
What the analysis found
The analysis looked at recent price action and order-book data for these four tokens. It found that liquidity levels have been building, which often precedes a move higher. For Hyperliquid, the token tied to the decentralized exchange, the data showed a tightening of spreads and an increase in bid depth. Near Protocol, the layer-1 blockchain, saw similar patterns. Shiba Inu and Dogecoin, both meme coins with large retail followings, also registered higher liquidity.
This doesn't guarantee a rally, but it does suggest that sellers are losing their grip. When liquidity is thin, even small trades can move prices. When it's thick, larger positions can be built without causing slippage. The analysis points to the latter scenario now.
Why liquidity matters for these tokens
Liquidity is the lifeblood of any market. For tokens like HYPE and NEAR, which have active trading communities, a liquidity boost can attract institutional players who need to execute big orders. For SHIB and DOGE, which are more sentiment-driven, higher liquidity often signals that the meme-coin crowd is back in the game.
The timing is notable. The new week brings fresh capital flows, and the analysis suggests that traders are positioning for a bullish move. Whether that materializes depends on broader market conditions, but the setup is there.
One unresolved question: will the liquidity hold? If it dries up as quickly as it appeared, the bullish case could fade. For now, the data points to a market that's ready to move higher.
