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Hyperliquid (HYPE) has shown strong upward momentum recently, fueled by growing interest and market activity. Bullish sentiment is building as price action approaches key resistance levels. Can this upward trend continue in the days ahead?
HYPE Key Statistics
- Current Price: $30
- Market Cap: $10 billion
- Trading Volume (24h): $396 million
- Circulating Supply: 333 million HYPE
- Total Supply: 999 million HYPE
- CoinMarketCap Ranking: #14
Hyperliquid (HYPE) has seen significant gains, rising 9.71% from its 30-day peak and posting substantial growth from its recent lows. Over the past 30 days and 7 days, HYPE has surged 82.34% and 27.02% respectively from its lowest points, showcasing its potential for sharp recoveries and upside momentum.
HYPE/USD Market (Daily Chart)
Key Levels
- Resistance: $31, $33, $35
- Support: $29, $20, $17
Hyperliquid (HYPE) is showing strong upward momentum on the daily chart, trading around $30. This marks a +9.13% increase, approaching a recent high of $31. The bullish trend is supported by increasing volume and a positive MACD crossover, suggesting further upward potential if buying pressure holds. The psychological zone around $29 is now acting as a firm support.
Should the momentum persist, HYPE may attempt to breach the $31 level in the coming sessions and potentially $33 and $35. However, any pullback toward $29 would be a key level to watch for consolidation. With strong indicators aligning, bulls are likely to maintain control unless broader market sentiment shifts.
Hyperliquid (HYPE) Eyes $35 Again: Will the Rally Hold?
Hyperliquid (HYPE) is rallying with renewed strength, trading above $30 and sparking fresh optimism just months after reaching its all-time high on December 22, 2024. With momentum building, the token now appears to be eyeing the $35 mark once more. This upward move reflects a revived interest among traders, but whether HYPE can reclaim its previous peak will depend on sustained market participation and favorable sentiment. A pause or cooling-off wouldn’t be unusual at this stage, though the trend so far remains encouraging.
Hyperliquid ( HYPE) Rally: More Technical Insights
Beyond price action, HYPE’s fundamentals are adding depth to the rally. The project is carving a niche in decentralized trading by focusing on lightning-fast execution and scalable architecture. An uptick in ecosystem growth, developer engagement, and cross-platform integrations has brought fresh utility to the token. If this progress continues, there’s a decent chance that HYPE may not only approach $35 again—but potentially build a stronger foundation above it.
HYPEUSD (4-Hour Chart )
On the 4-hour timeframe, Hyperliquid (HYPE) also trades at approximately $30. This short-term chart reveals a potential breakout above $31, driven by strong buying volume and confirmed by Parabolic SAR dots aligning below the price candles. The RSI also hints at sustained bullish pressure, further validating the uptrend. Support rests near the $29 region, while the most recent swing low stands at $17. If price holds above the $30 threshold, bulls could aim for the $32.000–$33.000 range in the short term. Traders should remain alert for any reversal patterns, but for now, the momentum favors continuation to the upside.
Adding to this bullish outlook, Hyperliquid Official shared a post on X announcing several all-time highs for the platform—$8.9B in open interest, $5.4M in 24-hour fees, and $3.2B in USDC TVL. These achievements underscore growing market confidence and reinforce the upward momentum seen in the charts. As the platform continues to lead in onchain transparency and innovation, the technical and fundamental signals appear well-aligned in favor of Hyperliquid’s ongoing rise.
Hyperliquid hit multiple all-time highs today, including:
+ Open interest: $8.9B
+ 24h fees: $5.4M
+ USDC TVL: $3.2BOnchain, transparent markets are the future. pic.twitter.com/DBUWZZEkgk
— Hyperliquid (@HyperliquidX) May 22, 2025
Alternatives to Hyperliquid
Hyperliquid is gaining traction for its innovative approach to building scalable, high-speed decentralized infrastructure designed for sophisticated trading environments. As interest in HYPE grows, the introduction of Best Wallet offers users a powerful tool for managing their assets.
Best Wallet is a versatile multi-chain platform that supports a wide range of tokens, including HYPE. With a focus on simplicity and efficiency, it combines secure storage, seamless transactions, and integrated DEX aggregation into one intuitive interface. This enables users to easily manage diverse crypto portfolios while exploring DeFi opportunities.
Feature Walk-through: Best Wallet’s Multi Wallet View
The Best Wallet platform is powered by its native token, $BEST, which offers a low-cost alternative to HYPE for transaction fees within the wallet. $BEST also provides governance capabilities and attractive staking rewards. Following a successful presale that raised approximately $12.5 million, Best Wallet is now live, providing a secure gateway for managing digital assets and engaging with decentralized finance.
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