Hyperliquid (HYPE) Sees Bullish Surge with Key Resistance in Sight

• Hyperliquid (HYPE) trades at $27.46, gaining 5.57% in 24 hours.
• Golden crossover hints at potential continuation toward $31.00.

Hyperliquid (HYPE) is currently trading at $27.46, reflecting a 5.57% gain over the last 24 hours. The token holds the 20th position in the crypto market rankings. With a total market capitalization of $9.16 billion, it shows a 5.57% surge from previous levels, indicating steady growth.

Trading volume over the past 24 hours reached $224.22 million, marking a significant 16.12% increase. The Market Cap ratio stands at 2.45%, demonstrating solid liquidity. Hyperliquid’s fully diluted valuation (FDV) is now $27.45 billion, with 333.92 million tokens circulating out of a maximum supply of 1 billion.

Technical Indicators for HYPE

Based on the price chart, Hyperliquid shows strong price activity near critical resistance and support levels. The primary resistance is at $28.50, while $26.20 serves as a critical support. If the price breaches the resistance, it may target $30.00. A break below support might push the price toward $25.50.

The Relative Strength Index (RSI) stands at 65, close to overbought territory, indicating bullish momentum. The RSI average remains around 60, supporting sustained upward movement. The Chaikin Money Flow (CMF) displays positive trends, confirming strong buying activity.

Moving averages further affirm the bullish sentiment. The 50-day moving average has crossed above the 200-day moving average, forming a golden crossover pattern. If the trend holds, Hyperliquid may push toward $31.00 in the coming days. Short-term price action also remains supported by the 20-day moving average, which has acted as a key dynamic support line.

The market outlook remains optimistic. Strong trading volumes and positive technical indicators suggest that Hyperliquid may maintain its bullish momentum in the near term. However, traders should closely monitor support and resistance levels for any potential reversals.

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