HYPE Topples Shiba Inu—Now a Top 15 Crypto by Market Cap

Move over, meme coins—HYPE just bulldozed Shiba Inu to claim a top-15 spot on CoinMarketCap. The upstart token’s 30-day tear leaves even veteran degens blinking at their portfolio trackers.

How’d it happen? A cocktail of influencer shilling, exchange listings, and that sweet, sweet fear of missing out. Retail traders piled in like it was 2021 again, proving crypto’s collective memory lasts about as long as a Snapchat story.

Meanwhile, Bitcoin maximalists are muttering into their orange-pilled coffee cups. Because nothing says ‘financial revolution’ like watching a speculative asset with no use case flip another speculative asset with no use case.

HYPE Crypto Price Forms An Ascending Channel Pattern

The price of Hyperliquid token has experienced a significant jump overnight, resulting in it coming under the spotlight of the crypto space. Notably, the HYPE coin has jumped 10.36% in 24 hours with a trading volume of $168.69 million, a change of +23.86%.

The Relative Strength Index (RSI) continues hovering above the overbought range in the daily time frame with its average trendline constantly supporting the price chart. This suggests a positive outlook for the altcoin this month.

Moreover, the SMA indicator has been acting as a support to the Hyperliquid price chart since the month of May started. Considering the present technical sentiments, the HYPE crypto may continue recording an upward trajectory in the shorter time frame.

Will Hyperliquid Price Hit New ATH Soon?

The price of HYPE coin could breach its immediate resistance level of $27.40 and head toward its upper price target of $30.7 if the bullish sentiment sustains. Maintaining the value above that level could push the Hyperliquid price toward its ATH of $35.02 in the upcoming time.

On the contrary, if the crypto market experiences a sudden increase in liquidation, this could result in the Hyperliquid token retesting its support of $25.50. Furthermore, if the bearish sentiment intensifies at that point, this could result in this altcoin plunging toward its crucial support zone of 422.80.

Also Read: Dogecoin vs Shiba Inu: Which is a Better Investment for May 2025?