Cryptocurrency trading platform Robinhood (HOOD), has recently announced the listing of HYPE, the native token of the decentralized exchange (DEX) Hyperliquid, sparking a new rally for the altcoin, which surged beyond $40 on Thursday, marking an intraday recovery of 13%. $1 Billion For HYPE Token Buyback HYPE, with a market capitalization nearing $11 billion, has emerged as one of the market’s top performers, skyrocketing by 1,000% from its launch price of $10 in December 2024. This growth has been accompanied by an 18% increase in trading volume over the last 24 hours, according to data from CoinGecko. Related Reading: $1.7 Trillion Firm T. Rowe Price Seeks Approval For Crypto ETF Linked To Multiple Tokens The recent uptick in HYPE prices also coincides with Hyperliquid Strategies’ filing with the US Securities and Exchange Commission (SEC) to raise $1 billion for a buyback of HYPE tokens. The company is expected to hold approximately 12.6 million HYPE tokens, valued at around $470 million, along with $305 million in cash reserves designated for additional token purchases. Key Resistance And Support Levels For Hyperliquid’s Price As of now, the HYPE price is trading at approximately $40.54, still 31% below its all-time high of $59 reached earlier this year. Moving forward, key price levels for Hyperliquid include closing the week above $40, which would convert this previous resistance into a short-term support level for potential further increases. Related Reading: Gold Rotation Impact: Bitwise Warns Bitcoin Could Skyrocket To $242,000 To the upside, additional resistance for the HYPE price may be encountered at $42, $46, and $50 before the altcoin can attempt to retest its $59 peak. Conversely, a support floor for Hyperliquid’s short-term price action is anticipated at $35, established over the past week, providing a buffer against potential new declines in price. Featured image from DALL-E, chart from TradingView.com
Hyperliquid (HYPE) has had a turbulent week as the broader altcoin market faces intense selling pressure. After weeks of steady growth, the token is now testing key support levels, with bulls struggling to regain control. Despite the ongoing correction across the crypto landscape, sentiment around Hyperliquid remains mixed — while traders brace for more downside, some optimistic analysts see potential for recovery in the coming weeks. Related Reading: The Bitcoin OG Is Back – Opens Massive Short After $30M USDC Deposit According to fresh data from CryptoQuant, whales are going long on HYPE, signaling renewed confidence among large investors even as retail sentiment weakens. These whale moves often mark the early stages of a rebound, especially when they occur during heightened volatility. Analysts note that such positioning can indicate that smart money is preparing for a potential market reversal, or at least for a relief rally once selling pressure cools off. Still, the short-term outlook remains uncertain. With the market environment dominated by fear and liquidity thinning out, Hyperliquid’s price action in the coming days will be critical in determining whether it can hold its current support zone or if another leg down awaits. For now, all eyes are on whale behavior — and what it might be signaling next. Big Players Bet on a Hyperliquid Rebound Altcoin data analyst Kate Young Ju shared fresh insights into Hyperliquid’s futures market, revealing that the average order size has significantly increased, signaling that large investors — or “big players” — are positioning for a potential price surge. According to the data, institutional-scale orders have become more frequent over the past week, a clear indication that market participants with deep capital are starting to take calculated long positions despite the ongoing volatility. This comes after a remarkable year for Hyperliquid, which has rapidly emerged as one of the most innovative decentralized perpetual exchanges in the market. Built on its own high-performance Layer 1, Hyperliquid has attracted both traders and liquidity providers through features like zero gas fees, fast settlement, and native HYPE staking rewards. Since its early 2025 rally, the protocol has seen exponential growth in trading volumes and community engagement, solidifying its position among top DeFi derivatives platforms. The rise in futures order size reflects growing confidence that HYPE may recover from its recent drawdown. Historically, such activity often precedes a reversal, as whales and sophisticated traders tend to accumulate during market uncertainty. This accumulation phase suggests a potential shift in momentum — where smart money is preparing for the next leg up while retail sentiment remains cautious. If Hyperliquid’s price action stabilizes and macro conditions improve, this whale-driven accumulation could act as the foundation for a strong rebound phase. However, analysts warn that a lack of follow-through from retail traders or a broader crypto selloff could still dampen short-term momentum. For now, the data paints a compelling picture: big players are quietly betting that Hyperliquid’s story isn’t over — it might just be entering its next major chapter. Related Reading: XRP DEX Volumes Surge As Price Plunges: Smart Money Accumulating? HYPE Analysis: Testing Key Support After Weeks of Volatility Hyperliquid (HYPE) is currently trading around $35.6, down more than 6% on the day, as the token continues to face heavy selling pressure. The daily chart reveals that HYPE has entered a critical support zone near the 200-day moving average (red line), which sits around $34–$35. This level has acted as a strong base during previous corrections, particularly during April and July, when similar pullbacks led to renewed bullish momentum. Related Reading: Bitcoin Bulls Rely on STH Realized Price Support Cluster: Loss Could Trigger $100K Retest However, price action has weakened notably after failing to reclaim the 50-day moving average (blue line) near $42, turning it into short-term resistance. The series of lower highs and sharp rejections from this zone highlight a market struggling to regain confidence. On a broader view, HYPE remains in an uptrend, but the structure is under pressure. If the token manages to consolidate above $35, it could attract buyers aiming for a rebound toward the $40–$42 area. Conversely, a breakdown below $34 could accelerate losses toward $28, the next significant support level. Featured image from ChatGPT, chart from TradingView.com
Layer-1 (L1) blockchain Monad has recently opened a portal for users to claim the airdrop for its native MON token, with the claiming period set to end on November 3. However, the announcement has sparked significant criticism within the crypto community. Many users, particularly those on social media platform X (formerly Twitter), have voiced concerns that the criteria for eligibility have not aligned with the developments, leaving several traders, including those from Hyperliquid (HYPE), ineligible for the airdrop. Hyperliquid And HypurrNFT Users Left In The Lurch At the time of the announcement, it was stated that users of Hyperliquid, Phantom perps, and holders of HypurrNFT would be eligible to receive the MON airdrop. Despite this, reports indicate that very few HypurrNFT holders qualify, with some users claiming that their substantial trading volumes—over 200 million on perps—did not meet the eligibility requirements. Related Reading: Hyperliquid Vs Binance: Founders Clash Over Liquidation Transparency These frustrations have led to comments such as, “this airdrop is a joke,” highlighting the disconnect between the expectations set by Monad and the reality faced by its community. According to the outlined criteria, Monad plans to distribute tokens to over 235,500 users, including active community members who have consistently supported the project on social media and engaged in various initiatives. The criteria also encompass traders with high trading volumes on decentralized exchanges like Hyperliquid, long-term holders of popular NFTs (such as CryptoPunks and Pudgy Penguins), participants in DAO voting on Ethereum-based platforms, contributors to ecosystem development through various roles, and developers actively creating products on Monad and participating in project hackathons. Critics Question Monad’s Commitment To Users Critics, including DeFi researcher Coin Metrika, have sharply criticized Monad’s airdrop strategy. Metrika pointed out that the published eligibility criteria shocked many within the crypto community, revealing that only 5,500 wallets are considered eligible—representing just 0.74% of Monad’s Discord users. Related Reading: Tether Resolves Celsius Lawsuit With Major $300 Million Settlement Deal Meanwhile, the project is distributing airdrops to 225,000 addresses outside of its community, many of whom may not even be aware of Monad or the impending claim deadline. In a sarcastic commentary, Coin Metrika summarized the situation, stating: If you haven’t figured it out yet, here’s a summary of #MonadAirdrop criteria: You have roles in Discord that are difficult to obtain—thank you, we’re not interested in you because you’re poor! You participated in our testnet—thank you for helping us test the product for free, which we sold to investors for a lot of money. Dressed up in clown costumes and shot viral videos to promote the @monad brand—thank you, we laughed out loud at you. You have money that you’ve shown on the blockchain—let’s be friends, here’s your airdrop! This highlights the increasing dissatisfaction within the Hyperliquid, HypurrNFT and wider crypto communities regarding how Monad has handled its airdrop initiative, raising questions about its commitment to its users. At the time of writing, HYPE trades at $39, recording losses of 13% over the past seven days. Featured image from DALL-E, chart from TradingView.com
During last week’s market downturn that saw HYPE prices plummet towards $20, Hyperliquid reportedly maintained 100% uptime with zero bad debt, as stated by the platform’s founder, Jeff Yan. However, in a post shared on social media site X (formerly Twitter), Yan also raised concerns about certain centralized exchanges (CEXs), suggesting they may have underreported liquidation data during this volatile event. The Liquidation Debate In his remarks, the platform’s founder highlighted that Hyperliquid operates on a blockchain where every order, trade, and liquidation occurs visibly on-chain, allowing anyone to permissionlessly verify the execution of these processes. Related Reading: Bitcoin Weekly Preview: Trump’s Tariff Playbook Is Back — Here’s How To Trade It Yet, Yan identified a troubling trend among some CEXs, which he claims publicly document a drastic underreporting of user liquidations. He took Binance’s example, noting that even when thousands of liquidation orders occur simultaneously, only one is reported due to limitations in its data stream. The platform’s founder asserted that this can obscure the actual volume of liquidations, particularly during high-volatility events like the recent flash crash, leading to a potential underreporting factor of 100 times. In response to Yan’s criticism, Binance former CEO and founder Changpeng Zhao (CZ), addressed the issue, stating, Some people ask why is #BNB so strong? While others tried to ignore, hide, shift blame, or attack competitors, the key @BNBChain ecosystem players (Binance, Venus, and more) took hundreds of millions out of their own pockets to PROTECT USERS. From Binance To Hyperliquid This exchange comes on the heels of a major drop on broader crypto prices last Friday, which saw the Bitcoin (BTC) price drop from $122,000 to $102,000 on exchanges like Binance, leading to the liquidation of over $19 billion in leveraged positions. Amid the chaos, Jeff noted that Hyperliquid reportedly managed a trading volume between $50 and $70 billion without any downtime or disruption. In contrast, Binance faced temporary technical issues that left some users unable to close their positions. Related Reading: Bitcoin Whale Breaks 13-Year Silence, Moves $33 Million To Exchange Hyperliquid’s founder has a history with Binance, having participated in the Binance Labs Investment Incubation Program in 2018. During this period, he, along with co-founder Brian Wong, aimed to develop Deaux, a decentralized prediction market product. Their vision was to create a platform that facilitated collaborative betting within an international liquidity pool using cryptocurrency. Throughout their time in the Binance Incubation Program, they emphasized the importance of user experience while exploring the benefits of decentralization. Their product sought to mirror the user-friendly interface of centralized exchanges like Binance—offering low fees and real-time feedback—while ensuring security through blockchain smart contracts and incorporating decentralized democratic voting for settlement. At the time of writing, HYPE is still recording weekly losses of 14%, with the token trading at around $41.88. However, it has recovered by over 4% in the last few hours, although all-time high levels are still 28% away. Featured image from DALL-E, chart from TradingView.com
Circle Internet Financial (CRCL), the firm behind the USDC stablecoin, has announced a significant investment in Hyperliquid (HYPE), a layer-1 blockchain that has experienced high demand this year. Circle’s Strategic Move Into Hyperliquid As part of this initiative, Circle has launched Native USDC and Cross-Chain Transfer Protocol (CCTP V2) on HyperEVM, an Ethereum Virtual Machine (EVM) integrated into Hyperliquid’s layer-1 blockchain. This move is expected to streamline the adoption of USDC and enhance its utility. Plans also include enabling direct deposits and ensuring CCTP interoperability for Hyperliquid USDC on HyperCore, a platform that specializes in on-chain financial operations. Related Reading: Crucial Ten Days Ahead For Crypto: Will They Ignite Mega Altcoin Season? Circle’s announcement further revealed that it has become a direct stakeholder in Hyperliquid. The stablecoin issuer is also considering becoming a Hyperliquid validator, which would strengthen its position within the network. Hyperliquid also boasts nearly $6 billion in USDC, which is a little over 8% of Circle’s total USDC supply. These deposits would reportedly generate approximately $250 million in annual interest for partners such as Circle and Coinbase (COIN). Jeremy Allaire, Circle’s CEO stated on X (formerly Twitter): Don’t Believe the Hype. We are coming to the HYPE ecosystem in a big way. We intend to be a major player and contributor to the ecosystem. Happy to see others purchase new USD tickers and compete . Hyper fast native USDC with deep and nearly instant cross chain interoperability will be well received. HYPE Token Hits New All-Time High The blog post further asserted that the integration of Native USDC onto HyperEVM—and the upcoming support from HyperCore—promises to enhance the capital efficiency of transactions within the Hyperliquid ecosystem. This initiative is said to allow developers and users to transact seamlessly across the crypto economy, making it easier for fintech firms and other service providers to leverage USDC. Circle’s investment in Hyperliquid is just the beginning as the company plans to introduce incentive programs for builders working on HyperEVM, aiming to stimulate innovation and collaboration. The blog post concluded: We’ve simply been blown away by the growth and success of Hyperliquid over the last year, and as we’ve gotten to know Jeff and team, and many of the major emerging builders in the ecosystem, it’s very clear that this is something incredibly unique and special. Circle is here. We’re investing. We’re thrilled to be supporting this incredible community. Related Reading: Analyst Raises Red Flags On Bitcoin Price: Allegations Of Market Manipulation According to CoinGeko data, HYPE has surpassed a market capitalization of $14 billion, surging over 1,500% since its inception and debut on December 1, 2024. As of this writing, the price of Hyperliquid’s native token has retraced toward $53 after reaching a new all-time high of $57 last Friday. Circle’s stock, on the other hand, which recently debuted on the Nasdaq, is trading at $135 per share — a nearly 55% drop compared to its all-time high of over $298. However, relative to its IPO price of $64, the stock has gained 157%. Featured image from DALL-E, chart from TradingView.com
Hype has been one of the standout performers in the crypto market this year, sustaining a powerful uptrend since April. Its relentless momentum has drawn the attention of both retail traders and institutions, with many analysts arguing that the token still has room to run as the broader market heats up. The narrative around Hype has been fueled by strong speculative interest and its growing presence in high-volume trading activity, which has made it a favorite among momentum-driven investors. Related Reading: Bitcoin Consolidates Above $115K As Market Eyes Fed’s Sept 17 Policy Move However, questions are starting to surface about whether Hype’s rally is sustainable. Some analysts warn that momentum may be weakening, signaling that a correction phase could be looming. Data from Lookonchain underscores this concern: a whale who bought and staked 2 million HYPE—at an average entry price of $8.68 nine months ago—has now unstaked the position. With the tokens freshly unlocked, speculation is growing that this whale could take profits soon. Whether this move sparks broader selling pressure or the market absorbs it will be critical for Hype’s next phase. Hype Whale Unstakes $107M As Market Awaits Next Move Hype has been one of the most talked-about assets in crypto this year, climbing over 500% in value since April and cementing itself as a market leader in speculative momentum. Now, a major development involving one of its largest holders is capturing attention. According to Lookonchain, a whale who entered the market nine months ago with a massive position has just unstaked tokens worth over $107 million, raising speculation about potential profit-taking in the weeks ahead. The data reveals that nine months ago, this whale deposited $17.4 million in USDC into Hyperliquid through three wallets. From there, he accumulated 2 million HYPE at an average of $8.68, before distributing the tokens across nine wallets for staking. This accumulation has proven to be extraordinarily profitable. Just seven days ago, the whale applied to unstake the position, and 21 hours ago, the tokens were received back in full. With Hype’s current valuation, the stash is worth $107.2 million, translating into a staggering $89.8 million profit in less than a year. This event comes at a pivotal time for Hype. While the token’s explosive rally has kept momentum traders engaged, the size of the whale’s gains points to the likelihood of profit-taking. Whether the broader market can absorb such selling pressure or if it sparks a deeper correction will determine if Hype’s bull run can extend—or if a consolidation phase is next. Related Reading: Bitcoin Spot Trading Volumes Declines To $322B: Market Shifts To HODL Mode Uptrend Faces First Signs of Cooling HYPE has been one of the strongest performers in the market since April, with its chart showing a consistent series of higher highs and higher lows. As of now, the token trades at $52.57, down 2.69% on the day, signaling a modest pullback after a sharp run that recently pushed the price above $56. Despite this decline, the overall structure remains bullish, with price action still well above key moving averages. The 50-day moving average ($45.48) and 100-day moving average ($43.38) are trending higher, providing dynamic support zones that could absorb selling pressure if momentum cools further. Meanwhile, the 200-day moving average ($32.02) remains far below current levels, highlighting the scale of HYPE’s appreciation in recent months. Related Reading: Three Whales Buy $205M Ethereum From FalconX: Institutional Flows Accelerate This correction appears to be a natural cooling phase within an established uptrend, especially after such aggressive gains. If buyers defend the $50–$52 range, HYPE could consolidate before making another attempt at reclaiming the $55–$56 zone. A decisive break above $56 would likely set the stage for further upside continuation. Featured image from Dall-E, chart from TradingView
A few altcoins have diverged from the market with sharp rallies. Here’s whether they can sustain the momentum, according to social media data. Social Media Has Started Paying Attention To These Altcoins In a new insight post, the analytics firm Santiment has talked about some altcoins that have recently diverged from the rest of the market with notable price surges. Related Reading: Bitcoin NVT Enters Reversal Zone: BTC Dangerously Overvalued? Here are the coins in question and how their monthly returns have looked: As is visible above, these altcoins have managed to deliver sizeable profits during a period where the major assets have printed losses. Bitcoin (BTC), for instance, is down around 2% on this timeframe. Among the listed alts, two are particularly prominent in terms of market cap size: Hyperliquid (HYPE) and WhiteBIT Token (WBT). The former has seen a rise of 51.6% and the latter 59.2%. Now, can these coins sustain their runs? One hint can come from social media data. Santiment has shared two indicators related to social media: Social Dominance and Positive/Negative Sentiment. The first metric, the Social Dominance, tells us about what part of social media discussions related to the top 100 assets a particular cryptocurrency is responsible for. The indicator determines this by comparing the asset’s Social Volume, a count of the posts/messages/threads on social media containing unique mentions of the coin, with the combined Social Volume of the top 100 cryptocurrencies. The other metric of interest, the Positive/Negative Sentiment, basically measures the ratio between the positive and negative sentiments present among the social media users. To determine this, the indicator runs the Social Volume of an asset through a machine-learning model to distinguish between bullish and bearish comments. It then takes the ratio of the two to find the net situation on these platforms. First, here is a chart that shows the trend in both of these metrics for Hyperliquid: As displayed in the above graph, the Social Dominance of HYPE peaked at 1.5% in May, but has gone down since then, despite the price continuing its surge. Nonetheless, the indicator has remained at 1.25%, which is still a notable level. Alongside this high attention, the Positive/Negative Sentiment has stayed at around 3.75, which suggests social media users have been making almost 4 times as many bullish comments related to the altcoin as bearish ones. Historically, altcoins have tended to move against the crowd’s expectations, so an excessive sentiment in either direction has often proven to be a reversal signal. This means that an overly bullish mood can actually lead to a top for an asset. Considering this, HYPE may not be in the best position for continuing its surge, at least from the perspective of sentiment. Related Reading: XRP Bullish Signal: Shark & Whale Wallets Set New All-Time High While Hyperliquid has seen a bit of a cooldown in Social Dominance, WhiteBIT Token has just seen a huge surge. That said, WBT’s Positive/Negative Sentiment hasn’t budged alongside this Social Dominance explosion, although it remains at a notable level of 3.07. Based on the trend, the analytics firm thinks, “we likely will see its price make a second run after its local top that just occurred on June 15th unless FOMO begins to make an appearance.” HYPE Price Hyperliquid has seen a sharp decline since its peak on Monday as its price has come down to $39, a potential sign that the social media hype may already be biting back. Featured image from Shutterstock.com, Santiment.net, chart from TradingView.com
Hyperliquid has quickly become a main character in the crypto space after it became the leading decentralized finance (DeFi) exchange for perp trading. As its popularity has grown, so has the price of its native HYPE token. This has seen it rally even at a time of bearish divergence in the crypto market, moving up by more than 50% in one week to reach new all-time highs. Factors Driving The Hyperliquid Price The main driver behind the Hyperliquid price pushing to new all-time highs has been the rise in attention being paid to the platform. As crypto investors are pivoting toward more decentralized platforms for their perpetual trading activities, HYPE’s mindshare has grown exponentially over the last few months. Related Reading: Is The Bitcoin Rally Over After $111,900 ATH? Global M2 Money Supply Is Still Going This rising interest translated to a major surge in the platform’s trading volume over the last few weeks. Most notable were the billion-dollar bets placed by James Wynn, who has quickly risen to become the most popular crypto trader on Hyperliquid. His trades garnered the interest of thousands, putting more eyes on the platforms as onlookers stood by to see the outcome of his trades. In particular, over the last week, the platform recorded its highest weekly volume since it was launched, reaching $78.672 billion in trading volume between May 11 and May 18, 2025. Daily trading volumes have also not been left out, consistently crossing the $2 billion mark daily. Its highest daily trading volume yet was recorded on May 21, 2025, with $17.731 billion trade on the platform. Cumulatively, the Hyperliquid platform has reached $1.156 trillion in volume in three years of operation, DefiLlama data shows. Other major developments that the platform has seen is the rise in the open interest. The platform celebrated a new all-time high after open interest crossed the $10.1 billion mark on the platform. The amount of USDC locked on the platform also climbed to $3.5 billion, with $5.6 million in fees generated in only a 24-hour period. In one week, the platform was able to generate over $22 million in fees alone. Related Reading: XRP Price Consolidates In Tight Bullish Compression Pattern, Why $5 Is Possible On its own, the HYPE price is still showing a lot of bullish momentum despite already rising 50% in one week. Daily trading volumes crossed $460 million on May 26, according to data from CoinMarketCap. Crypto whales have been especially active during this time, as Lookonchain reported three whales spending $5.33 million to buy HYPE on Monday. With volumes rising and prices going up, it suggests that a lot of the volume is actually from buyers. If this buying pressure continues, then it is likely that the price sees further upside before putting in a correction. Featured image from Rigzone, chart from TradingView.com
HYPE is showing renewed strength as it pushes into higher levels, riding the wave of a broader market breakout. With Bitcoin surging above $104,000 and Ethereum reclaiming the $2,500 mark, the crypto landscape is rapidly shifting back into a bullish phase. Altcoins are waking up across the board, and HYPE is quickly emerging as one of the standouts. Related Reading: XRP Whales Are Back – 880 Million Tokens Accumulated This Month After a brief pullback, HYPE has bounced strongly off the $17.5 level—an important throwback zone that is now acting as support. The asset is regaining momentum and approaching local highs, signaling strong buyer interest and potential for further continuation. Crypto analyst Cheds shared a technical breakdown confirming this setup, noting that HYPE is displaying clean strength off its recent retrace and could be gearing up for a significant breakout if market conditions hold. As sentiment turns bullish and liquidity rotates into high-potential altcoins, HYPE is well-positioned to benefit from the renewed energy in the market. With price structure improving and key levels being reclaimed, the coming days may be critical in defining whether this move evolves into a sustained uptrend. Traders are now watching closely for follow-through as HYPE approaches its next resistance zone. HYPE Bulls Target January Highs HYPE is facing a decisive moment as price action pushes into a key supply zone near the January highs around $28. After bouncing strongly from the $17.5 throwback level, the asset has regained bullish momentum and now approaches one of the most important technical levels on its chart. This zone served as a rejection point earlier in the year, and bulls must now prove they have the strength to flip it into support. Cheds shared insights confirming the shift in momentum, noting that HYPE is showing clear strength off the $17.5 level—an area that has now acted as a successful retest following the asset’s initial breakout. The strong rebound suggests that market participants are accumulating, and momentum is beginning to build as the broader crypto market turns bullish. Across the board, sentiment is improving. HYPE is now participating in that resurgence, but faces its biggest test yet. If bulls can reclaim the $28 level with conviction, the path toward new all-time highs opens up. However, if this level holds prices again, another period of consolidation may follow. The weekend rally has pushed markets into critical zones, and HYPE’s ability to sustain upward pressure through this resistance will be closely watched. A breakout above $28 would not only mark a technical victory but also likely accelerate interest and volume across the board. For now, bulls remain in control, but the next move will determine whether HYPE enters true price discovery or pauses just below the highs once more. Related Reading: Bitcoin 4H Chart Shows Bullish Consolidation – Classic Continuation? HYPE Approaches Resistance With Momentum As Bulls Eye Breakout The 4-hour chart for HYPE shows strong bullish momentum, with price currently trading at $25.29 after tapping a local high near $25.57. The rally has been steady and clean, bouncing consistently off the 200 EMA and SMA, now well below the current price, confirming a clear uptrend structure. HYPE is now pressing into a key resistance zone between $26 and $28, a level that previously acted as supply back in January. This area represents a major test for bulls, as it aligns with the upper boundary of a multi-month range. Volume is healthy, and the trend remains intact with higher highs and higher lows across multiple timeframes. If HYPE can break and hold above $28, it opens the door for a challenge of the all-time highs. For now, the price may consolidate slightly below resistance as sellers defend this zone, but the overall structure favors a breakout continuation. Related Reading: Bitcoin Whale Entry Prices Diverge Sharply – Confidence Builds At Higher Levels A throwback to the $23–$24 region could act as a healthy retest, but holding above $22 is key to preserving bullish momentum. As long as the trend and volume remain intact, HYPE appears poised for further upside in the coming days. Featured image from Dall-E, chart from TradingView
HYPE has emerged as one of the strongest performers in the current market environment, staging an impressive recovery following its low on April 7th. Since then, the token has surged over 115%, marking a sharp and aggressive short-term uptrend. This rally reflects a growing appetite for risk among traders and renewed confidence across the broader crypto market. As major assets like Bitcoin and Ethereum consolidate near key resistance levels, smaller-cap tokens such as HYPE are gaining traction—benefiting from the increased momentum and speculative interest. Related Reading: Whales Sell 262,000 Ethereum Amid Recent Price Surge – Smart Exit Or Profit-Taking? Bulls are firmly in control, driving HYPE to test and reclaim critical technical levels. Top analyst Big Cheds shared a technical analysis on X, highlighting that HYPE is showing a strong response after retesting a key liquidity level. This price action, according to Cheds, may signal the beginning of a more sustained upward movement, especially if HYPE maintains its current structure and volume trends. With on-chain activity rising and market sentiment improving, all eyes are now on HYPE to see whether it can continue outperforming its peers. If bulls maintain momentum and reclaim higher resistance levels, HYPE could extend its rally and become one of the standout altcoin performers of the quarter. HYPE Eyes Breakout As Bulls Defend Key Levels HYPE continues to establish itself as one of the leading DeFi projects in the current market cycle, acting as a major decentralized exchange (DEX) with growing user activity and liquidity. After a strong run-up over the past few weeks, the token is now approaching a critical juncture as bulls attempt to reclaim the range highs and push through the psychological $20 resistance level. Despite recent bullish momentum, global macroeconomic uncertainty and rising geopolitical tensions are keeping the crypto market volatile, especially for altcoins. In this context, HYPE’s price action stands out. After a sharp move upward, the token faced a brief pullback, but according to Big Cheds, the response to this “throwback” was notably strong. The bounce from the $17 zone shows clear support, reinforcing buyer interest at these levels. Ched’s analysis suggests that this healthy retest of a previous liquidity pocket could fuel the next leg up. If bulls maintain control, HYPE could break through $20 and test the next significant supply zone above it. However, a short period of consolidation may be necessary to build enough momentum for the breakout. Related Reading: Solana Monthly Candle Reclaims Key Levels – Is $240 The Next Target? With fundamentals backing its growth and technicals flashing strength, HYPE is positioned as one of the key DeFi tokens to watch. A confirmed move above $20 could open the door to price discovery and cement HYPE’s leadership role among decentralized exchanges. Price Action Details: Holding A Bullish Structure HYPE is currently trading above $19 after a decisive move that pushed it beyond key short-term resistance. The token has shown strong momentum over the past two weeks, supported by growing market confidence and rising volume across decentralized finance platforms. Bulls are clearly in control, but the next major hurdle lies at the $22 level. Reclaiming $22 is critical for confirming a breakout and continuing the rally toward new all-time highs. This zone represents both psychological resistance and a historical supply region where sellers previously took profits. A clean push above $22 would likely trigger fresh buying and shift HYPE into price discovery mode. However, risks remain if momentum fades or broader market conditions weaken. The $17 level is now a key support zone to watch. If bulls lose control and price drops below that mark, HYPE could retrace further into lower demand zones, likely targeting the $14–$15 region. Related Reading: Ethereum Consolidates Against Bitcoin – Dominance Shift On The Horizon? For now, as long as HYPE holds above $19 and builds momentum, the bullish structure remains intact. The coming sessions will be crucial to determine whether the token has enough strength to clear $22 and continue leading the DeFi sector’s recovery. Featured image from Dall-E, chart from TradingView