Hyperliquid has been the rage of the crypto market with not one but multiple accolades to its name. In a recent feat, HYPE hit a record-breaking $8.9 billion in open interest, signaling rising momentum in DeFi. The TVL of USD coins on the network jumped to a record high of $3.2 billion, meaning Hyperliquid now holds over 5% of all USDC coins in circulation. 

That’s not all, its 24-hour network fee has surged to $5.4 million, signaling growing usage and investor engagement. Curious about this daily gainer’s next big move? This Hype price analysis underlines entry and exit zones for you.

Hyperliquid (HYPE) Price Analysis:

The HYPE price today is at $31.222, with a remarkable intraday gain of 15.20%, which has made it the top gainer of the day. It enjoys a 23.17% weekly gain and is up an astonishing 220% since its April low. Since the value is well above its 9-period SMA and 50-period MA, the 4-hour chart reveals a bullish breakout. 

Successively, it can be justified by the growing trading volume, which has also shot up by 136.06% to $332.35 million. Hype is now nearing its key resistance zone at $32.5. If bulls manage to push past this ceiling, a new ATH at $35.23 could be achieved by the weekend. On the downside, liquidations near the fresh high could drag the price down to its support between $23-$24. 

Read our Hyperliquid (HYPE) Price Prediction 2025, 2026-2030 to learn where it is heading next!

FAQs: