Hyperliquid Price Analysis – Crucial Support and Resistance Levels
After dropping to a monthly low of $32.62** on June 22, **Hyperliquid (HYPE)** has staged a notable recovery. The asset last crossed the **$40 mark on June 18 before a sharp 25% pullback over four days. Currently trading 11% below its all-time high ($45.57, recorded on June 16), HYPE is regaining trader attention.
On-Chain Activity Signals Renewed Interest
June’s decentralized volume on Hyperliquid surged to $11.44 billion, the highest monthly figure since December 2024 (per DeFiLlama). This marks:
- An 18% increase from May’s $9.66 billion.
- More than double April’s $4.86 billion.
Total Value Locked (TVL) has also skyrocketed:
- April: $330 million
- July: $1.8 billion
👉 Why traders are bullish on Hyperliquid’s technicals
Technical Outlook
- RSI: 60 (bullish momentum, no overbought signal).
- 10-day momentum score: 7.31 (positive trend).
- Moving averages (10–200-day EMAs/SMAs) all indicate buy territory.
Key Levels:
- **Breakout above $41.50** → Retest all-time high ($45.57).
- Drop below $38–$39 → Short-term weakness likely.
FAQ Section
Q: What’s driving Hyperliquid’s volume growth?
A: Increased platform adoption and trader confidence, evidenced by rising TVL and DeFi activity.
Q: Is HYPE overbought now?
A: No—the RSI at 60 suggests healthy momentum without extreme overbought conditions.
Q: What’s the next major resistance?
A: Watch the $41.50 level; a breakout could push HYPE toward its ATH.
👉 Key strategies for trading volatile assets like HYPE
Disclaimer: This content is for informational purposes only. Cryptocurrencies involve high volatility and risk. Conduct independent research before investing.
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