- Hyperliquid rockets 22%, trading at $27.
- HYPE’s trading volume has exploded by 98%.
A 1.62% spike in the crypto market has brought in some modest bullish waves. Certain digital assets are charted in the green, with the tokens like Bitcoin (BTC) and Ethereum (ETH) attempting to reclaim the lost momentum. Aligning with the brief uptick, Hyperliquid (HYPE) has posted a 22.22% jump over the last 24 hours
The opening price of the asset today was at a low of $22.03. With the sturdy bullish encounter in the HYPE market, the price climbed to a high range of $27.21, after testing and breaking pivotal resistance between $22.13 and $27.11 to confirm the uptrend. Upon the bulls staying for a longer period, the price could see more gains
*HYPE price (Source: CMC)*At the time of writing, Hyperliquid traded at around the $27.05 mark, with its market cap staying at $8.23 billion. Besides, the daily trading volume of the asset has exploded by over 98.11%, reaching the $426.59 million zone. As per Coinglass data, the market has witnessed a 24-hour liquidation of $5.40 million worth of HYPE.
With the recent bullish trading pattern, the Hyperliquid price could move up to the resistance at around $27.20. An extended, powerful upside pressure might trigger the golden cross and send the price higher. Assuming Hyperliquid opts for a bearish reversal, the price could slip and find the nearest support below $26.90. If the potential downside correction strengthens, the death cross unfolds, and pushes it to former lows
Hyperliquid’s Charts Flash Bullish as Momentum Builds
The technical analysis of Hyperliquid reports that the Moving Average Convergence Divergence (MACD) line is found above the signal line, indicating bullish momentum. The recent price action is gaining strength to the upside and is considered a potential buy signal.
*HYPE chart (Source: TradingView)*In addition, the Chaikin Money Flow (CMF) indicator value at 0.15 suggests positive buying pressure in the HYPE market. Money is flowing into the asset more than out, supporting the bullish sentiment and showing accumulation, if it stays above zero for the short term.
Hyperliquid’s daily Relative Strength Index (RSI) resting at 77.19 implies its ongoing overbought conditions. With the strong bullish momentum, it also raises the risk of a short-term pullback or consolidation if the buyers start taking profits. Moreover, the Bull Bear Power (BBP) reading of 5.074 signals that the bulls are firmly in control. It is pushing the HYPE price above the average, and if combined with overbought signals, it may also hint at a possible short-term cooldown.
Top Updated Crypto News
Bitmine Stakes Over 2 Million ETH, Targets $160 Million in Annual Rewards
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
TRUMP Token Drops 20% to $2.50 Ahead of Mar-a-Lago Crypto Conference
Gate News message, April 26 — The TRUMP meme token fell 20% to around $2.50 ahead of Donald Trump's exclusive Mar-a-Lago crypto conference, wiping out approximately $161 million in market value.
The token has now declined 96.5% from its all-time high of $75.35 reached in January 2025, erasing appro
GateNews57m ago
Stablecoins aren’t just for cross-border payments—they’re for going local too! a16z’s latest report: Asia supports two-thirds of transaction volume
Crypto VC giant a16z’s latest report, “9 charts on what stablecoins are becoming,” uses nine key charts to depict the structural changes underway in stablecoins. The report’s central takeaway is not new tokens or new narratives, but stablecoins’ role shifting from “trading tools” and “savings vehicles” to “core financial infrastructure,” along with an increasingly strong degree of localization—creating a clear gap between what the market originally expected and the reality of cross-border payments.
**GENIUS Act in the U.S. boosts stablecoin trading volume to $4.5 trillion in Q4**
For years, regulatory uncertainty has been the ceiling for institutional participation in stablecoins. The turning point came from the U.S. GENIUS Act establishing the first federal-level stablecoin issuance framework. a16z data shows that, prior to the bill’s passage, the adjusted stablecoin trading volume had already been rising for several consecutive quarters.
ChainNewsAbmedia1h ago
Humanity Protocol Rallies 80% From April Lows, But Is the Momentum Fading?
Humanity Protocol surged 80% from April lows, breaking into top 100 crypto assets.
Whale activity and network growth rose, but trading volume dropped sharply by 46%.
Bullish structure remains intact, with key resistance and support levels defining the next move.
Humanity Protocol — H, ha
CryptoNewsLand3h ago
PENGU Eyes 30% Rally as Analyst Flags Crucial Breakout Level
PENGU consolidates near $0.009 resistance after a long 90% decline from highs.
Analysts expect a 30% rally if breakout above key resistance level confirms strength.
ETF speculation and ecosystem growth could fuel volatility and upside momentum.
Pudgy Penguins — PENGU, is sitting at a
CryptoNewsLand5h ago
Bitcoin's 'Winter Is Over,' Says Michael Saylor as Institutional and National Adoption Drive Next Rally
Gate News message, April 26 — Michael Saylor, co-founder of MicroStrategy, declared "winter's over" as Bitcoin traded around $78,000. Analyst Mati Greenspan characterized recent price movements as a correction within a broader bull market rather than a new bear phase, noting that Bitcoin's bottom ha
GateNews5h ago
Analyst: $80K Emerges as Bitcoin's Key Resistance Level, Breakout Could Trigger Increased Volatility
Gate News message, April 26 — On-chain analyst Murphy identified $80,000 as Bitcoin's primary resistance level above the current price, citing a combination of options Gamma exposure, open interest (OI), and implied volatility (IV) data. The level represents a critical checkpoint for May's price
GateNews5h ago
