The Hyperliquid price has pumped 9% in the last 24 hours to $13.42 as of 6:40 a.m. EST, fueled by a 13% jump in trading volume to $301 million.
The HYPE/USDC trading pair in the 1-hour timeframe shows a strong uptrend supported by a parabolic curve and increasing trading volume. The price is currently trading at $13.42, approaching a critical resistance zone between $13.50 and $14.00, where it is consolidating. This consolidation suggests indecision and a breakout above this resistance could propel the price toward the reward zone at $15.50 to $16.00, provided there is sufficient bullish volume.
HYPEUSDC Analysis Source: Dexscreener
Key support levels include a broader $8.00 to $9.00 zone, which served as the initial launchpad for the recent rally, and Support 1 at $10.50 to $11.00, which has been tested successfully during minor pullbacks. The 50-MA, currently at $12.00, is trending upwards, reflecting short-term bullish momentum, while the 200-MA at $11.43 reinforces the longer-term uptrend.
The chart also highlights a parabolic curve, indicating sustained bullish momentum as the Hyperliquid price climbed from its support zones. However, the recent consolidation near resistance is marked by lower trading volume, signaling a potential slowdown or preparation for the next move.
If the price successfully breaks above $14.00, it is likely to rally toward the reward zone at $15.50 to $16.00. On the other hand, a rejection at resistance could trigger a pullback to Support 1 at $10.50 to $11.00, with further declines potentially testing the $8.00 to $9.00 support zone. Traders should monitor volume closely for confirmation of a breakout or signs of weakening momentum.
As the Hyperliquid price continues to surge, investors seeking to diversify their portfolios with promising alternative projects might want to consider Crypto All-Stars (STARS), a presale that has raised more than $8.7 million.
Crypto analyst and YouTuber ClayBro, who has over 133K subscribers, says that STARS has at least 10X potential once it launches.
Crypto All-Stars is a new meme coin that has been in ICO for several months and is now in the final stage of its ICO. The project captivated the attention of investors thanks to a new type of staking smart contract, which it named the MemeVault.
This is a staking platform that, unlike other smart contracts, doesn’t limit staking to only a single cryptocurrency. Instead, Crypto All-Stars’ MemeVault lets you store multiple meme coins, currently supporting 12 cryptos.
Apart from its native STARS token, you can also stake Pepe, Dogecoin, Shiba Inu, Floki, Brett, Mog Coin, Milady, Turbo, Toshi The Cat, Coq Inu, and Bonk.
POV: Relaxing after a long day of bringing ALL of your favourite memes into one vault 👾🔥 pic.twitter.com/mcQbjKP5cp
— Crypto All-Stars (@all_stars_coin) December 4, 2024
However, after the presale ends, the team plans to expand the support to include many more meme coins, allowing investors to stake entire meme coin portfolios in one place.
In addition, staking STARS tokens comes with a huge 255% annual return, making it one of the most attractive opportunities in the meme coin space.
If you’re interested, there’s still time, as the STARS presale is open for the next 15 days.
Buy STARS tokens here using BNB, USDT, or even a bank card.
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