Deep Dive
1. Technical Momentum (Bullish Impact)
Overview: HIPPO’s RSI14 rose to 40.09 (neutral but recovering from oversold), while its MACD histogram turned positive (+0.000075) for the first time since early November 2025. The price crossed above its 7-day SMA ($0.001186) and EMA ($0.001208), signaling short-term momentum.
What this means: Traders responded to oversold recovery signals and a bullish MACD crossover – a classic buy indicator in meme coin markets. The 71.99% surge in 24h trading volume ($8.27M) confirms increased speculative activity.
What to watch: Whether HIPPO holds above the $0.00123 pivot point – a break could target the 23.6% Fibonacci retracement at $0.0063.
2. Builder Activity Revival (Mixed Impact)
Overview: On-chain data shows increased HIPPO transfers between developer wallets and decentralized exchanges, coinciding with Sui Network’s builder-focused initiatives (June 30, 2025).
What this means: While actual utility remains unproven, the movement suggests developers are testing new use cases – a narrative that historically boosts meme coins during quiet market periods. However, the 100% circulating supply creates constant sell pressure.
Overview: HIPPO’s official account (@hippocto) executed a concentrated shilling campaign, posting 24 consecutive $HIPPO mentions on August 9, 2025. This coincided with a partnership announcement for an [AI content studio](https://x.com/hippocto/status/1948409618020831554) focused on hippo-themed NFTs.
What this means: Meme coins thrive on visibility – the coordinated social push likely attracted new retail traders despite Bitcoin dominance holding at 58.47%. The 315K follower base gives these campaigns outsized impact.
Conclusion
HIPPO’s rebound combines technical trading patterns with developer activity rumors and relentless community engagement. While the 5.88% gain outpaces the broader crypto market’s 4.41% 24h rise, sustainability depends on converting speculation into tangible use cases.
Key watch: Can HIPPO maintain volume above $5M/day – the threshold that previously preceded 100%+ rallies in July 2025? Monitor Sui ecosystem developer announcements for fundamental catalysts.