Hyperliquid has been the conversation of the crypto city for his moon-like price rally, which brought its price for a new highest point of $ 39.93 a few hours ago. According to data on the chain, the rally was fed by the media buzz around a billion dollar bet reversing by Walvis James Wynn.
On-chain goes hand in hand with price?
The current price momentum in Hyperliquid coincides with a remarkable increase in the activity on chains. As announced by the Hyperliquid -TeamThe open interest has risen to a record high of more than $ 10.1 billion, which reflects a strong increase in lifting tree positions on the market.
At the same time, the social sentiment has risen considerably, as according to the Lunarcrush statistics. This increase in online discussions and search interest emphasizes a growing retail and institutional interest in the parabolic movement of hype.
Hype price analysis:
The Hyperliquid hype is currently $ 38.02, with an increase of 7.21% in the last 24 hours. What is more fascinating is that it has risen by 49.8% last week and a dazzling +112.38% last month. This remarkable price growth has pushed its market capitalization to $ 12.69 billion, making it closer to the top 10 cryptos.
About volumes that have come in recent hours, the company rose in hype to $ 496.11 million, a huge peak of 65.69%. The interest of both retail and institutional players led to a new highest high point of $ 39.93.
From a technical point of view, the current withdrawal to the $ 38 region can be considered as a healthy consolidation, especially in view of the support of the 9-Period SMA at $ 37,378. This indicates the current bullish check unless the price below the most important support breaks on $ 35.42.
Looking at the brighter side, a successful infringement on $ 44.65the next resistance level, could act as a launch platform to the target of $ 56.70. However, traders must remain careful with potential volatility, because the price overbough levels are approaching on multiple timetables. In such a case, the hype price can go back to its support at $ 35,420.
For long-term goals, view our hyperliquid (hype) price forecast 2025, 2026-2030!
FAQs
Hype’s price rally was mainly driven by the attention that was around a reverse billion dollar position by whale investor James Wynn.
The Hype Muntprijs is today traded at $ 38.02, after it has fallen from its highest peak of $ 39.93.
The next key resistance is at $ 44.65. If this level is reached, it can focus on $ 56.70.
Credit : coinpedia.org
