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The Hyperliquid price surged 8% in the last 24 hours to trade at $35.88 as of 4:30 a.m. EST on trading volume that soared 77% to $319.56 million.
The HYPE price soared over the past several days following the launch of Hyperdrive on May 28. This is Hyperliquid’s stablecoin money market, which acts as the foundational layer for making anything on HyperCore liquid.
Today we launch Hyperdrive — the stablecoin money market built for Hyperliquid, and the foundational layer for making everything on HyperCore liquid.
This is our story: pic.twitter.com/b8PENlOYjB
— Hyperdrive (@hyperdrivedefi) May 28, 2025
On the same day, the project announced that it has enabled long and shorting of SOPH with up to 5x leverage. This is something that its community has highly requested, and Hyperliquid delivered.
By community request, you can now long or short $SOPH with up to 5x leverage. pic.twitter.com/BxNZZ5VdUV
— Hyperliquid (@HyperliquidX) May 28, 2025
Hyperliquid Price Prediction
Hyperliquid’s price saw a decline between May 28 and May 30, spending the next few days fluctuating between $32 and $34. However, it managed to break this resistance late last night, surging past it to $37 before seeing a slight correction down to a new support level at $36 a few hours before the time of writing.
Since then, its price stabilized somewhat, balancing just above $36 for several hours, which allowed its Bollinger Bands to tighten compared to their performance on June 2, when they widened due to a sharp price boost. Right now, the price is making another attempt at growth, but a smaller resistance at $36.5 is standing in its way.
HYPE/USDT chart analysis (Source: TradingView)
However, the project’s Relative Strength Index (RSI) suggests there is still room for growth, which could mean that the HYPE price might breach this barrier at $36.5 and venture further up.
In the last day, the RSI fluctuated between the oversold and overbought zones, managing to climb beyond the value of 80 on June 2. Since then, it dropped to the neutral zone as traders took profit and sold a solid portion of the HYPE token, boosting the daily trading volume while knocking down the price. At the time of writing, however, the RSI is fluctuating between 50 and 60, suggesting that traders remain optimistic, but are also cautious as they await further developments.
Promising Alternative To Hyperliquid
With the HYPE price stuck, Best Wallet (BEST) has become a go-to investment opportunity for many in the crypto industry.
Best Wallet is a crypto wallet that emerged in late 2024, but it quickly climbed the ranks, becoming one of the most popular and most used new wallets in 2025. It offers a wide variety of features, acting as both a secure storage and a DEX. On top of that, it offers multi-chain support, with over 60 supported blockchains, meaning that users can store thousands of cryptos that run on the likes of Ethereum, Solana, Base, and many other popular blockchains.
The wallet is non-custodial, which means that the user is the only one who has access to their funds, but it also allows them to connect their other wallets to it. As a result, managing different portfolios across a variety of wallets is now much easier, as it can be done from one place.
You didn’t survive the bear market to shy away now
— Best Wallet (@BestWalletHQ) June 2, 2025
The wallet even has a native launchpad that rolled out multiple tokens, like Pepe Unchained (PEPU) and Catslap (SLAP), all of which have seen rapid price boosts after going live. Now, BEST is also holding its ICO on this launchpad, and it has already raised more than $12.98 million and is about to hit the $13 million mark.
Crypto experts have been obsessing over BEST’s potential for months, including ClayBro, a YouTuber with more than 136k subscribers, who predicted 20x growth potential for the token.
If you wish to join others who invested in Best Wallet’s BEST token and buy at the current price of $0.025125, you can do so by visiting its website. Buy before a presale price hike in around 34 hours.
Visit the Best Wallet website.
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