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The Hyperliquid price soared 15% in the last 24 hours to trade at $30.57 as of 1:17 a.m. EST, with trading volume soaring 137% to $319 million.
Hyperliquid Price Breaks Out Above Key Resistances, Set For A Continued Surge
The HYPE price on the daily chart reveals a rounded bottom formation, which indicates a long-term bullish trend reversal.
This type of pattern reflects a slow shift in market sentiment from bearish to bullish, with accumulation happening in the lower half and momentum gradually building toward a breakout.
The Hyperliquid price broke out from the $29.75 level, which coincides with the 0.236 Fibonacci retracement, signaling the start of a new bullish phase.
Currently, the price of Hyperliquid sits at $30.576, confirming the breakout and targeting higher levels based on the pattern’s depth.
Meanwhile, the 50-day Simple Moving Average (SMA) at $19.66 is trending upward and now lies far below the current price, confirming strong momentum.
The Relative Strength Index (RSI) is at 76.95, indicating that Hyperliquid is in overbought territory. While this doesn’t necessarily signal an imminent reversal, it suggests that the asset may face a mild pullback before moving upward.
Using the depth of the rounded bottom pattern (from the low of $10 to the breakout zone around $29.75), the HYPE price may continue soaring, pointing to a target around $41.5, a 60% surge from the current level.
However, due to the elevated RSI, the price of Hyperliquid may pause or retest support around $29.75, $25.97, or even $22.92 before continuing higher.
In the meantime, investors are flocking to buy Best Wallet (BEST), which a popular YouTube channel called 99Bitcoins, with over 723K subscribers, says has the potential to soar 10X after launch.
Best Hyperliquid Alternative – Buy And Stake For 115% APY
Best Wallet has now raised over $12.55 million, and it’s not just the ICO success that is attracting attention; it’s also the tech behind the project.
With Best Wallet, you can store over a thousand coins and tokens, stake assets from different networks, and swap tokens using a built-in DEX that supports cross-chain trading.
Its native token, BEST, powers an ecosystem designed to simplify on-chain activities while minimizing security risks, making it a standout in the competitive crypto wallet space.
Among Best Wallet’s many features, one is gaining outsized interest from investors. Its “Upcoming Tokens” section helps users discover promising projects still in the early stages.
The Best Wallet Community is on fire right now! 🔥
We’ve hit a record high in participation across our community events and games, with loyal members snapping up top prizes and prestigious roles in our Discord. 🏆
🔹Over 1K participants weekly in our daily rumbles
🔹Over 300 in…— Best Wallet (@BestWalletHQ) May 12, 2025
The project’s success in identifying promising cryptos is already well established. It flagged Pepe Unchained (PEPU) and Catslap (SLAP), meme coins that delivered massive gains for early investors.
Investors can also stake BEST tokens for a massive 115% annual return. Currently, BEST tokens are priced at $0.025065.
Those interested should buy before a price hike in around 35 hours.
Check out BEST on its official website.
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