Hyperliquid Price- Crucial Support And Resistance Levels Ahead
Hyperliquid Price– After dropping to a monthly low of $32.62 on June 22, Hyperliquid (HYPE) has staged a notable recovery. The last time HYPE crossed the $40 mark was on June 18, right before a sharp 25% pullback over four days. Now trading just 11% below its all-time high of $45.57, recorded on June 16, the asset is regaining attention among traders.
On-chain Activity Signals Renewed Interest
According to DeFiLlama, “June’s decentralized volume on Hyperliquid (HYPE) reached $11.44 billion, the highest monthly figure since December 2024.” This volume more than doubles April’s $4.86 billion and marks an 18% rise from May’s $9.66 billion. Such growth reflects rising platform usage and growing confidence among traders. Moreover, the platform’s total value locked (TVL) has surged from $330 million in April to $1.8 billion at the time of writing.
From a technical view, Hyperliquid (HYPE) is demonstrating strength. The Relative Strength Index (RSI) is currently at 60 and trending higher, indicating bullish momentum without signaling overbought conditions. Momentum indicators are leaning positive, with a 10-day momentum score of 7.31. Multiple moving averages—including the 10, 20, 30, 50, 100, and 200-day EMAs and SMAs—are also in buy territory, supporting the ongoing uptrend.
Despite the positive momentum, oscillators such as the Average Directional Index (ADX) and Awesome Oscillator remain neutral. Bollinger Bands are tightening, which often precedes significant price movement. A breakout above $41.50 could trigger a retest of the all-time high, while a drop below the $38–$39 zone might lead to short-term weakness.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
