Hyperliquid Surges Back: Is This the Crypto Comeback Play of June 2025 After 40% Plunge?
Markets blinked—Hyperliquid just flashed a buy signal. The perpetual swaps protocol clawed back 40% of losses in a violent rebound, leaving traders scrambling to decode whether this is dead-cat bounce or the real deal.
Why Hyperliquid's move matters
When derivatives platforms sneeze, altcoins catch pneumonia. Hyperliquid's recovery suggests institutional algo-traders might be rebuilding positions—typically a leading indicator for retail FOMO.
The cynical take
Another 'v-shaped recovery' narrative for the crypto casino. Because nothing says 'healthy market' like 40% swings before breakfast (unless you're a leveraged degens, in which case—good morning and good luck).
Technical Rebound & Momentum
HYPE’s rebound is technically compelling. Having surged above critical resistance at $35.13–$36, it recently pierced patterns like bullish pennants and wedge formations—classic continuation signals.
Oscillators reinforce the bullish thesis: MACD is positive, RSI remains elevated yet not extreme, and Chaikin Money FLOW shows strong capital inflows.
Still, long-liquidation “cliffs” loom NEAR $36–$40, where over $3 million in long positions could be wiped out.
Fundamentals & On‑Chain Catalysts
On-chain metrics spotlight its dominance. Hyperliquid now ranks as the fifth-largest decentralized perpetuals exchange, processing daily volumes of $10–11 billion and sustaining over $1.9 billion in open interest.
Its TVL has rocketed to ~$2.5–3.2 billion—a more than 80% jump in 30 days—while USDC inflows topped $1 billion and protocol revenues reached ~$12.8 million weekly, even outpacing ethereum per revenue basis.
Whales are actively accumulating—one whale’s nearly $10 million purchase at ~$38.50 drove the token past $40.
Near‑Term Prediction
Expect resistance at $44.7–45, with a likely breakout scenario targeting $50 next—potentially reaching $55 on Fibonacci momentum.
If support zones ($40–36) fail, however, a retrace toward $30–32 becomes probable, aligning with prior Fibonacci corrections .
Conclusion
HYPE has rallied back from its steep 40% slide, showing strong technical setups, skyrocketing ecosystem activity, whale buying, and robust revenue trends.
While the risk of a pullback remains if it breaks below $40, current indicators support a breakout toward $50+. For risk-tolerant traders, the upside potential outweighs short-term corrections—just size positions wisely.
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