The Hyperliquid (HYPE) token has surged nearly 50% in May, approaching a critical resistance level around $60 that previously led to a 65% price drop. Technical indicators like an overbought RSI near 79 and repeated rejections at this resistance suggest a potential pullback. A massive short squeeze has driven the recent rally, but once vulnerable short positions clear, the price may reverse sharply. If HYPE fails to break above $60-$70, a correction toward $50 or lower is likely, while a break above could push prices toward $84. Meanwhile, ETF inflows and whale activity indicate strong demand but also raise caution about late-cycle buying near resistance.
Hyperliquid's native token HYPE has surged to around $66, boosting its market cap above $16 billion and placing it among the top 10 cryptocurrencies. This rise is driven by growing demand for decentralized trading platforms, perpetual futures, and to...
Hyperliquid (HYPE) price rose over 9% in 24 hours, trading near $67 and approaching its June 2 all-time high of $75.48. Key resistance remains at $65, with analysts warning that a drop below $54 would confirm a bearish head-and-shoulders pattern. ETF...
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