HYPE Price Surge: Bulls Eye $49.08 as Recovery Gains Momentum
HYPE shakes off the bearish dust—price action hints at a comeback story.
Key Resistance in Sight: The $49.08 level looms large as the next battleground for bulls. Will HYPE flip it into support or face rejection? Chart watchers lean optimistic.
Market Pulse: Traders pile in as volatility spikes—classic 'buy the dip' or another trap set by crypto’s merciless algorithms? Either way, liquidity’s flowing.
Behind the Move: No fundamental news… just pure, unfiltered speculative greed (and maybe a few well-timed whale wallets).
Closing Thought: If HYPE nails this breakout, moonboys will claim they ‘called it all along.’ Until then? Enjoy the ride—and maybe hedge a little. After all, even broken clocks are right twice a day.
- HYPE price climbs 3.44% as bulls target the $49 resistance zone.
- Trading volume soars 97.17%, signaling growing market participation confidence.
- Open interest rises to $2.03B, indicating strong bullish positioning.
Hyperliquid (HYPE) continues to push upward, showing renewed bullish momentum even as the broader crypto market remains largely neutral. Over the past 24 hours, HYPE has climbed by 3.44%, rebounding from last week’s 5.16% decline.
At the time of writing, HYPE is trading at $44.51, supported by a significant surge in trading volume, up 97.17% to $304.98 million. Its market capitalization now stands at $14.86 billion, reflecting strong investor confidence and sustained demand.
HYPE Eyes $49.08 Target Amid Bullish Setup
Technically, the token is making its way to a significant resistance area at $49.08, which is equivalent to the higher daily chart Bollinger Band.
The level is considered to be the next significant breakout level, and a clear close above could potentially open up new local highs.
Meanwhile, the mid-Bollinger Band support at $45.09 is also behaving like a price magnet, as the token is trading just below this midpoint. The lower support still holds at $41.10, providing a solid base in the event of a short-term correction.
Momentum indicators are also upbeat. The RSI is at 53.71, just below its signal at 56.41, suggesting potential room for further gains.
Furthermore, the MACD line at 0.88 is making its way to a crossover with the signal line at 1.36, which is a typical early sign that a trend will persist.
Rising Open Interest and Volume Confirm Strength
The derivative market is reflecting this strength as well. Open Interest (OI) ROSE 6.85% to $2.03 billion, and volume rose 46.64% to $1.04 billion, registering robust inflow from aggressive overseas players. The rotation of funds within futures markets is an indicator of great confidence in this current rally.
The OI-weighted metric is 0.0197%, which is indicative of a healthy build-up of leverage without overheating involved.
The increase witnessed in OI as well as volume is proportional to higher price, a classic bullish indicator that lets us know that this rally has significant support behind it.
If such conditions persist, the token can retest and potentially break out above the $49.08 level, achieving a significant shift within its market structure.
