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The Hyperliquid price plummeted 21% in the last 24 hours to trade at $12.15 as of 02:32 a.m. EST on trading volume that skyrocketed 63% to $703 million.
Hyperliquid Price Aims For A Continued Surge
The Hyperliquid price has been making higher highs and higher lows, characteristic of a rising channel. The upper boundary near $36 acted as resistance, while the lower boundary, now around $25, serves as immediate support.
As a result of the continued surge, the Hyperliquid price has since traded above the 50-day Simple Moving Average (SMA). But with the price of Hyperliquid plunging to the area around the support, HYPE has crossed slightly below the 50-day SMA.
The Relative Strength Index (RSI) is at 43.43, below the midpoint (50). This suggests mild bearish momentum in the short term. However, the RSI is approaching oversold levels (30), meaning a reversal or bounce could soon occur.
If the price holds the rising channel’s lower boundary and reclaims the 50-day SMA ($27.36), it could move back toward the $30-$36 range, continuing the uptrend. A breakout above the channel could push the price to new highs above $40.
Conversely, a confirmed breakdown below the rising channel and $25 could signal the start of a bearish trend, with the next support level around $20.
Meanwhile, investors are rushing into the Best Wallet ($BEST) presale, which has already raised over $5.4 million. Crypto Gains, a YouTuber with more than 141K subscribers, says $BEST can easily 10X after launch.
Best Wallet Presale Heads Toward $6 Million
What sets Best Wallet apart from other cryptocurrency projects is its strong utility. The platform has an intuitive user interface (UI) and a decentralized exchange (DEX) integrated directly into the wallet platform, enabling users to engage in decentralized finance (DeFi) activities seamlessly.
The wallet ecosystem has already garnered significant traction, with over 100,000 monthly users actively using its platform.
Join Best Wallet and gain all the tools you need to stay ahead. 💎
With features like exclusive access to Upcoming Tokens and rewards for early adopters, it’s no surprise we’re the fastest-growing crypto wallet.
Download now 📲 https://t.co/he5kzra7TY pic.twitter.com/xf2pY03CZw
— Best Wallet (@BestWalletHQ) December 16, 2024
A key feature that is attracting investors is its “Upcoming Tokens” section, which flags high-potential meme coins before they hit the market.
It featured Pepe Unchained ($PEPU) at just $0.00992 before early investors saw a 591% gain as the price rose to $0.06858. It also flagged Catslap ($SLAP), a token whose price skyrocketed 2,815% for those who bought early.
🚨 $PEPU Claim is Now LIVE! 🚨
The wait is over! You can now claim your $PEPU tokens directly within Best Wallet or by visiting the @pepe_unchained website.
📍 Claim Website: https://t.co/AtdfdNNPeV
Start Claiming Now! pic.twitter.com/A7KovigigB
— Best Wallet (@BestWalletHQ) December 10, 2024
Best holders who stake their tokens can also earn a huge annual yield of 419%.
You can get into the project early by buying $BEST Token today for just $0.023325. Interested investors should secure tokens before the next price increase in less than 2 days.
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