Hyperliquid Surges: HYPE Token Near All-Time High
Hyperliquid achieved unprecedented trading levels, recording a massive $29 billion in 24 hours and generating $7.7 million in fees.
HYPE tokens climbed to $48.57, marking a 19% increase in a week. ItS just 1.1% shy of reaching its peak of $49.75 from July 14. This price surge shows continued confidence in the platform.
The platform’s total value locked skyrocketed from $460 million in mid-July to $610 million shortly after.Monthly USD inflows jumped dramatically from $21.35 million in June to $349.27 million in July.
- Circle announced native USDC and CCTP V2 on Hyperliquid for better liquidity.
- Anchorage Digital Bank started providing custody services for HYPE, attracting institutions.
technical analysis reveals bullish signs. All major moving averages indicate a buy trend. With the RSI at 63, there’s room for further gains without being overbought. Other indicators like MACD and stochastic support this bull run.
Hyperliquid’s tight Bollinger Bands suggest reduced volatility, setting up for a significant breakout. If HYPE closes above $49.75, it could aim for $55, with $52 as intermediate resistance.
Hyperliquid’s strong performance points towards sustained growth and new highs.
