Hyperliquid (HYPE) token has made a notable price jump, reaching a new all-time high as market interest and activity increase.
Hyperliquid's Record Surge
In the past hour, the Hyperliquid token reached a new all-time high of $27.17. It is currently trading at $26.93, marking an 18.73% daily gain. The market capitalization has risen to $7.29 billion, while the 24-hour trading volume hit $346.09 million, climbing by 8.90%.
Market Analysis
$25.00 acts as a strong support level for HYPE, with significant resistance at $30.00. If the price breaks above the resistance, it could rally toward $35.00. The RSI is at 67.85, near overbought territory, while the average RSI is 57.56, indicating increasing bullish momentum.
Future Prospects for HYPE
Hyperliquid's technical indicators reflect strong buyer interest. If trading volume remains high and resistance at $30.00 is broken, the price may reach $35.00. Failure to hold current levels could trigger consolidation around $25.00.
HYPE continues to garner attention due to strong investor interest and positive technical indicators. Its future growth will depend on maintaining current activity and overcoming key resistance levels.
