Hyperliquid’s native token HYPE has surged back above the $40** mark, currently trading at **$40.56—a 7% increase in the past 24 hours and a 15% weekly gain. This recovery follows a monthly low of $32.62 on June 22, showcasing resilience amid market fluctuations.
Key Highlights
- Price Recovery: HYPE last crossed $40 on June 18 before a 25% drop. It now trades just **11% below its all-time high** ($45.57, set June 16).
- DEX Volume Surge: June’s decentralized exchange (DEX) volume hit **$11.44 billion**—the highest since December 2024—up **18% from May** ($9.66 billion).
- TVL Growth: Total Value Locked (TVL) skyrocketed from $330 million (April)** to **$1.8 billion, signaling growing platform adoption.
Technical Analysis
HYPE’s momentum is bullish but neutral per key metrics:
- Relative Strength Index (RSI): 60 and rising, indicating momentum without overbought conditions.
- Moving Averages: All major EMAs/SMAs (10–200 days) support the uptrend, confirming price stability above support zones.
- Oscillators: Neutral signals (e.g., ADX, Awesome Oscillator) suggest pending strong trend confirmation.
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Market Outlook
Bullish Scenario:
- A breakout above $41.50** could retest the ATH (**$45.57) if DEX volumes sustain growth.
Bearish Risks:
- Failure to hold $38–$39 may trigger profit-taking, potentially pushing prices toward $35 amid broader market downturns.
Frequently Asked Questions (FAQ)
Q1: What caused Hyperliquid’s recent price recovery?
A1: Rising DEX volumes ($11.44B in June) and increased TVL ($1.8B) reflect heightened trader confidence and platform activity.
Q2: Is HYPE overbought currently?
A2: No—the RSI at 60 suggests upward momentum without overbought conditions.
Q3: What’s the next resistance level for HYPE?
A3: Watch the $41.50 zone; a break could target the ATH ($45.57).
Q4: How does Hyperliquid’s TVL compare to competitors?
A4: Its 5x growth since April ($330M → $1.8B) outpaces many peers, signaling strong liquidity adoption.
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Note: All data is accurate as of press time. Monitor market trends for real-time updates.
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