Fast Facts
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HYPE Rally: HYPE, the Hyperliquid token, surged over 36% this past week, reaching $50, driven by strong trading volume and a bullish setup, currently sitting around $49.
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Resistance Levels: The token is facing key resistance at the $50 mark and the 0.618–0.66 Fibonacci zone, with RSI nearing a potential breakdown, indicating a risk of price pullback to $37–$38.
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Market Dynamics: While the trading structure remains neutral, bullish signals from the MACD suggest momentum might support further gains if HYPE stays above $44.
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Market Positioning: Hyperliquid captures 33% of blockchain revenue, highlighting its leading role in the cryptoeconomy amidst indications of possible short-term pullbacks as per analysts’ warnings.
HYPE Token Rallies 36% in a Week, Momentum Enters a Crossroad
HYPE, the native token of Hyperliquid, has surged over 36% this week, briefly hitting $50. Currently, the token trades around $49 with a significant daily volume of $660 million. This increase follows a bullish trading pattern and a successful listing on Robinhood, which enhanced its visibility.
Analysts now watch closely, as HYPE faces a major resistance zone between $50 and $50.75. The token’s position within the 0.618–0.66 Fibonacci range indicates critical pressure points for buyers. Meanwhile, the Relative Strength Index (RSI) sits at approximately 59, suggesting upward momentum but caution as it nears a potential breakdown.
Furthermore, the four-hour chart shows HYPE in a neutral structure, still under pressure. The RSI maintains an upward trend but approaches a crucial break point. Analyst Umair emphasized, “If the breakout doesn’t happen soon, expect a short-term pullback toward the $37–$38 range.” This scenario aligns with previous support levels earlier this month.
On the broader picture, analysts see HYPE trading within a rising channel intact since early 2025. The token’s recent bounce off the channel’s lower bound supports its upward trajectory. Despite some indicators pointing to potential weakness, the MACD shows a bullish crossover, suggesting continued momentum if HYPE remains above $44.
Market researcher Ryan Watkins highlighted Hyperliquid’s significant impact, stating it captures 33% of all blockchain revenue, positioning it as a leading player in the cryptoeconomy. This demonstrates HYPE’s unique value proposition and relevance in solving market dynamics.
Yet, caution remains. Analyst Ali Martinez flagged a sell signal from the TD Sequential indicator, implying that a short-term pullback could occur. Traders face crucial decisions ahead as they monitor HYPE’s next moves.
As the market evolves, HYPE’s ability to stabilize or grow will shape its technological advancement. This reflects not only on its potential but also on the broader crypto ecosystem’s development.
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