HYPE Price Recovery – Can Hyperliquid Challenge Aster’s $185B Lead?

Hyperliquid is making waves despite Aster's dominance in perpetual DEX volume, with Aster recording $185 billion in trading activity—more than 2.5 times Hyperliquid's HYPE. Yet, HYPE has shown resilience, rebounding with a 6.22% daily gain, outperforming the broader crypto market's 1.25% loss over the past month.

The token's recovery has lifted Hyperliquid’s market cap to $15.98 billion, fueled by a 30% surge in 24-hour volume to $361.32 million. This comes as investor sentiment wavers, with doubts emerging about HYPE's ability to compete against Aster's overwhelming lead.

HYPE's price climbed to $47.48, testing resistance NEAR $49.64 (30-day SMA) and the psychological $50 mark. Support at $44.19 suggests buyer interest remains, though technical signals remain mixed, with the RSI neutral at 46.