HYPE Price Breaks Above $25 as Daily Volume Soars 40%
The price of Hyperliquid (HYPE) has surged more than 13% in the past 24 hours, pushing its market capitalization back over $8 billion to $8.63 billion and cementing its position as the 22nd largest cryptocurrency.
HYPE’s price topped $25 for the first time since January 7 as trading volume increased nearly 40% to nearly $300 million. As momentum builds, traders are keeping a close eye on key resistance and support levels to gauge HYPE’s next potential move.
HYPE DMI confirms buyers are dominating the market
super fluidity The Directional Movement Index (DMI) chart shows an ADX value of 22.5, up from 17.9 a day ago, indicating that the trend is strengthening. ADX measures the strength of a trend but does not indicate its direction.
Values below 20 indicate a weak or non-existent trend, while values above 25 indicate a strong trend. ADX rising close to 25 indicates that HYPE’s current uptrend is gaining momentum.
+DI, which reflects bullish pressure, has risen sharply from 16.1 to 30.5, while -DI, which represents bearish pressure, has dropped from 25 to 13.7. This shift highlights the clear dominance of buyers over sellers, and Hype Prices continue to recover from recent lows.
The increase in +DI and the decrease in -DI, combined with the rise in ADX, suggest that HYPE’s uptrend is intact and could strengthen further if these trends continue.
High Liquidity RSI Still Below Overbought Zone
HYPE Relative Strength Index It is currently at 62.5, a sharp rise after hitting 31.4 four days ago and briefly touching 67 a few hours ago.
This upward trend reflects a significant revival in momentum, indicating increased buying activity. Although relative strength index It has climbed into bullish territory but remains below the overbought threshold, indicating that HYPE’s current price action is strong but not overly hot.
RSI is a momentum oscillator that ranges from 0 to 100 and is used to evaluate whether an asset is overbought or oversold. Values above 70 indicate overbought conditions, while values below 30 indicate oversold conditions. The HYPE RSI is at 62.5, indicating that bullish sentiment is building, but prices are not yet at risk of a significant correction.
since HYPE RSI has not breached 70 yet This level has served as psychological resistance since mid-December; further rises in the RSI could signal a continued uptrend, while a reversal near these levels signals caution.
HYPE Price Forecast: Can $30 levels be restored this week?
super fluidity A golden cross recently formed, which is a bullish technical signal when the short-term moving average crosses above the longer-term moving average. Since then, its price has surged from $22 to $26, reflecting strong momentum. If this positive trend continues, Hype price A further move higher is likely to test its first resistance level at $29.49.
A move above this level could open the way to $31.47 and potentially $35, a 34.6% upside from current prices.
However, if the trend reverses, Hype price Basic support is at $24.36, which could serve as a key buffer against further losses.
If this support fails, the price could drop to $21.6 or, in a more bearish scenario, to $18.89.
Disclaimer
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