Hyperliquid (HYPE) experienced an 18% rise in value over the past 24 hours, climbing by 10% over the past week, despite broader market consolidation. The altcoin's increasing demand and potential rise above the $25 mark could trigger a move towards its all-time high.
Key momentum indicators such as the Super Trend Indicator and the Relative Strength Index (RSI) highlight the growing bullish trend for HYPE. The token's price currently trades above the Super Trend line, suggesting a bullish market direction and dominant buying pressure.
The RSI, at 55.42, supports the bullish bias, indicating increased market momentum. A successful breach of the $25 resistance level may propel HYPE's price beyond $29.33, potentially reaching a high of $35.17.
If the trend stalls and selloffs resume, the price could fall to $22.81. Overall, HYPE's demand continues to drive its market trajectory.
Источник: beincrypto.com ↗