Hyperliquid Surges Past $40 as DEX Volume Explodes — Is HYPE Gearing Up for a New ATH?

Hyperliquid defies gravity—again. The decentralized exchange token smashed through $40 resistance as trading activity hits fever pitch. Traders are piling in, liquidity pools are swelling, and the charts look like a rocket preparing for liftoff.

DEX volume tells the real story. While traditional markets obsess over Fed whispers, Hyperliquid’s ecosystem is printing its own reality. No bankers, no intermediaries—just pure, uncut market momentum.

ATH or bust? The last rally saw HYPE climb 300% in a month. This time, with institutional ‘degens’ lurking and perpetual swaps heating up, the ceiling might not hold. Just remember: in crypto, ‘up only’ works until it doesn’t—ask the guys who bought Luna at $120.

Momentum indicators are leaning bullish, with a positive 10-day momentum reading of 7.31 and the moving average convergence approaching a crossover zone. Most moving averages are in buy territory. The 10, 20, 30, 50, 100, and 200-day exponential and simple moving averages all support the ongoing uptrend, reinforcing the idea that HYPE is trending above key support zones.

However, some oscillators, such as the average directional index and awesome oscillator, are still neutral territory, suggesting that even though there is upward movement, strong trend confirmation is still pending. Volatility may soon increase significantly in either direction due to the tightening of the Bollinger Bands.

If DEX volumes continue to rise, a break above $41.50 may pave the way for a retest of the all-time high at $45.57. Failure to maintain above the $38–$39 range may lead to short-term profit-taking, with a possible decline toward $35 if sentiment in the market as a whole deteriorates.