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Hyperliquid Price Extends Above $48, Can the Rally Claim $50?

Hyperliquid Price Extends Above $48, Can the Rally Claim $50?

Author:

Global Cryptocurrency

Published:

2025-10-30 12:14:02

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BTCCSquare news:

Hyperliquid's price surge to $48.24 reflects a 1.95% daily gain and a 22.93% weekly climb, fueled by ETF filings from 21Shares and Bitwise. The altcoin season has accelerated liquidity rotation into assets like HYPE, which boasts a 23.7% seven-day rally.

Technicals reveal a decisive break above key moving averages ($44.78 7-day SMA, $42.5 30-day SMA), with the $16.24 billion market cap underscoring institutional interest. MACD histogram bullishness at 1.57 and RSI nearing overbought at 60.58 suggest tempered upside potential.

The $45.42 Fibonacci level remains critical resistance. Bulls maintain control, but profit-taking looms if momentum wanes at psychological $50 threshold.

By:

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