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The Hyperliquid price soared 45% in the last 24 hours to trade at $8.90 as of 08:19 p.m. EST on trading volume that plunged 15% to $361 million, according to CoinGecko.
HYPE, the newly launched token of Hyperliquid, a decentralized perpetual trading platform and Layer 1 chain, has continued to surge just two days after its launch.
This comes after the project distributed a massive 310 million HYPE tokens to its community, valuing the giveaway at $1.2 billion based on the initial token price of $3.90.
$1.2B 🪂 from Hyperliquid, Largest crypto airdrop, did really some hype. Did you got any? pic.twitter.com/dgbuDLPxWb
— Gem Wallet 💎 (@GemWalletApp) November 30, 2024
Hyperliquid Price Could Continue Surging
The Hyperliquid price is currently moving within an ascending channel, as evidenced by the blue lines marking higher highs and higher lows. This reflects a bullish trend on the 1-hour timeframe, with the HYPE price steadily increasing over the observed period.
The RSI is currently at 70.68, which is near the overbought territory. This suggests that the asset might be overextended and could experience a short-term pullback or consolidation as buyers take profits. However, in a strong uptrend, RSI can remain overbought for extended periods.
HYPE has respected the channel’s boundaries. A breakout above the upper line would be a bullish signal for continuation. If the current trend is sustained, the price of Hyperliquid could still surge, as the bulls aim at breaching the $10 resistance, as they target a new all-time high (ATH) at $11.
HYPE/USDC Chart Analysis (Source: Dexscreener)
A breakdown below the lower channel line, especially with increasing volume, might trigger a short-term correction. Furthermore, the RSI near the overbought zone suggests some consolidation or minor pullback is likely before the next big move.
If a minor pullback could push the Hyperliquid price down, the $6.2 support could act as the next possible level for a cushion against downward pressure.
As the Hyperliquid price soars, some investors are turning to presales like the newly launched Flockerz (FLOCK) to capture the more explosive upside potential that’s frequently found in meme coins.
According to 99Bitcoins, a popular crypto channel on YouTube with over 706K subscribers, $FLOCK has the potential to soar 100X after its launch.
Flockerz Rockets Past $4 Million In Blockbuster Presale
Flockerz is an innovative meme coin project that has introduced a unique concept called Vote-to-Earn (V2E). This initiative allows token holders to actively participate in governance decisions while earning rewards for their engagement.
The project has raised over $4 million in its presale, highlighting strong community interest and support.
Its V2E platform allows community members to determine the project’s future and get compensated for their votes on key decisions. Flocktopia, the decentralized governance framework of FLOCKERZ, is at the center of the project and allows every holder to have a say in decisions.
Token holders can vote on critical decisions, including treasury management and project upgrades, fostering a sense of ownership.
Buy And Stake $FLOCK For 597% Annual Staking Rewards
Another reason investors are flocking to the presale of its native token, $FLOCK, is its mouth-watering staking rewards, currently perched at a dazzling 597% annually.
In the turbulent skies of crypto, it’s all about flying together. Strength in numbers, success in unity—fly with the flock! pic.twitter.com/vPwC75koVx
— Flockerz (@FlockerzToken) October 15, 2024
Investors interested in joining the presale can visit the official Flockerz website to buy FLOCK tokens at the current price of $0.0061997 per token using BNB, ETH, or USDT. You can also make a purchase using your bank card.
Buy before a price hike in less than 2 days to secure the best deal.
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