Hyperliquid’s price has shown impressive performance over the past day. With the coin achieving 18.98% gains in just 24 hours and trading volume surging by 135%, Hyperliquid has emerged as one of the top-performing assets.
Crypto expert McKenna’s statement on X, “It’s time for round II,” has further fueled speculation about the coin’s potential. This surge comes amid notable developments in Hyperliquid’s ecosystem, solidifying its position as a prominent player.
Hyperliquid brought in more fee revenue than Ethereum in the past day – a key achievement for the platform. Investors are taking notice, with $1.6 billion now locked in the protocol.
Moreover, Hyperliquid has reached an all-time high (ATH) in total fees generated, recording 185,139,515 USDC. These achievements indicate growing adoption and activity within the Hyperliquid network, driving the bullish sentiment observed in its price movement.
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What you'll learn 👉
HYPE Chart Analysis: Breakout Signals Renewed Momentum
Hyperliquid’s price chart reveals key trends supporting the recent upward momentum. Following an initial uptrend characterized by strong buying activity, the price entered a consolidation phase, forming a horizontal range between $24.45 (support) and $26.45 (resistance).
Moreover, a breakout above the resistance level has occurred, marked by a strong bullish candle. The price breaking above resistance shows buyers are getting more confident, and prices might keep going up.
Keep an eye on $26.45; that’s where HYPE’s price broke through. If the price falls back to that level, buyers might step in there. Another important price to watch is $24.45, which was held as support before. A sustained move above $26.45 could signal further gains, while a drop back into the range may indicate a return to consolidation.
Whale Activity and Market Sentiment
Big investors have been buying up more HYPE lately. You can see this in the higher trading volume and strong blockchain data. When McKenna tweeted about it, that got even more people excited about the coin’s potential, bringing in more traders.
At writing, HYPE is priced at $26.85. As the ecosystem continues to grow and metrics improve, traders are monitoring the asset for further developments.
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