Hyperliquid (HYPE) Smashes ATH: Can It Defy Gravity With a 50% Rally?
Hyperliquid’s HYPE token just punched through its all-time high—again. Traders are now eyeing whether this altcoin has another 50% surge left in the tank.
Momentum traders are piling in, but skeptics whisper about ’buy the rumor, sell the news’—classic crypto theater. Meanwhile, institutional desks quietly adjust their risk models (or pretend to).
Will HYPE defy the usual post-ATH pullback? Or is this just another pump waiting for a dump? One thing’s certain: the charts don’t lie, but the narratives around them always do.
Hyperliquid has been the talk of the crypto town for its moonish price rally, which took its price to a new all-time high of $39.93 just a couple of hours ago. As per on-chain data, the rally was fueled by the media buzz around a billion-dollar bet reversal by whale James Wynn.
On-Chain Goes Hand-in-Hand with Price?
The current price momentum in Hyperliquid coincides with a notable rise in on-chain activity. As announced by the Hyperliquid team, the open interest has surged to a record high of over $10.1 billion, reflecting a sharp increase in leveraged positions in the market.
Simultaneously, social sentiment has surged significantly, as evident by the metrics from LunarCrush. This surge in online discussions and search interest highlights a growing retail and institutional interest in HYPE’s parabolic movement.
HYPE Price Analysis:
Hyperliquid’s HYPE is presently at $38.02, with a 7.21% increase in the last 24 hours. What’s more fascinating is that it is up 49.8% over the past week, and an eye-popping +112.38% over the past month. This remarkable price growth has pushed its market cap to $12.69 billion, placing it closer to the top 10 cryptos.
Talking about volumes that have come in the past hours, the business in HYPE surged to $496.11 million, a massive 65.69% spike. The interest from both retail and institutional players led to the token soaring to a new all-time high of $39.93.
From a technical standpoint, the current pullback toward the $38 region can be regarded as a healthy consolidation, especially considering the support offered by the 9-period SMA at. This indicates ongoing bullish control unless the price breaks below the key support at.
Looking at the brighter side, a successful breach of, the next resistance level, could act as a launch pad toward the target of. However, traders should remain cautious of potential volatility as the price approaches overbought levels on multiple timeframes. In such a case, HYPE price could trace back to its support at.
For long-term targets, check out our Hyperliquid (HYPE) Price Prediction 2025, 2026-2030!
FAQs
Why is Hyperliquid HYPE price rallying?HYPE’s price rally was mainly driven by attention revolving around a reversed billion-dollar position by whale investor James Wynn.
How much is the hype coin today?The HYPE coin price today is trading at $38.02, after dropping from its all-time high of $39.93.
What are the next major resistance levels for HYPE?The next key resistance is at $44.65. If this level is achieved, the token could target the $56.70 mark.
