Home Altcoins News Hyperliquid Price Soars 50% in 16 Days, Strong Bullish Momentum

Hyperliquid Price Soars 50% in 16 Days, Strong Bullish Momentum

Hyperliquid Price

The world of cryptocurrency continues to be marked by high volatility and rapid price movements. Among the standout performers in recent weeks is Hyperliquid (HYPE), a cryptocurrency that has gained significant attention after a 50% price surge over just 16 days. Investors and traders are now asking: What’s next for Hyperliquid? Will it continue its upward trajectory, and could it potentially reach $35 in the near future?

A Strong Surge in Hyperliquid’s Price

Over the past few weeks, the price of Hyperliquid has taken a sharp upward turn. On January 30th, 2025, HYPE saw an impressive 12% jump in a single day, securing a spot on the list of the daily top gainers. This boost is part of a broader trend, with the cryptocurrency adding nearly 50% to its value in just over two weeks.

The altcoin has not only outperformed the broader market, but it has also beaten some of the more established cryptocurrencies in terms of price action this week. The surge in value has piqued the curiosity of both new and seasoned investors, who are now asking whether Hyperliquid could continue to rise.

Strong Market Sentiment and Bullish Indicators

A closer look at the technical aspects of the market reveals a growing sense of optimism surrounding Hyperliquid. The current market sentiment indicates increased buying pressure, as evidenced by the surge in trading volume. Over the past 24 hours, the trading volume for HYPE has soared by 68.96%, reaching $248.49 million.

The Relative Strength Index (RSI) for Hyperliquid shows that the cryptocurrency is not yet in the overbought zone, despite its recent gains. While the RSI is currently moving away from its overbought levels, this signals a potential for continued upward movement, though there may be some volatility in the near term.

Additionally, the Moving Average Convergence Divergence (MACD) indicator is showing bullish signs, with the green histogram steadily growing. The MACD averages are also displaying a potential bullish convergence, further suggesting that Hyperliquid may continue its upward momentum in the coming days.

Hyperliquid’s Resistance and Support Levels

Understanding key resistance and support levels is essential for predicting future price movements. For now, the immediate resistance level for Hyperliquid stands at $29.90. If HYPE can maintain a price above this level, there’s a strong possibility that it will continue to rise, potentially reaching its next target of $35 in the near future.

On the downside, the support level for Hyperliquid currently sits at $24.30. Should the market experience a downturn or increased bearish pressure, the price of HYPE could test this level. If the bearish trend continues to strengthen, the price could potentially dip further to a lower support level of $18.25.

Is Hyperliquid a Good Investment?

With Hyperliquid’s impressive recent performance, many are asking whether the cryptocurrency is a good investment. It’s important to remember that the cryptocurrency market is inherently volatile, and while short-term gains can be enticing, they come with risks.

The current market sentiment appears bullish, with many indicators suggesting continued positive action for HYPE. However, it’s crucial for investors to approach the market cautiously. Given the unpredictable nature of the crypto world, there’s always a possibility of sudden price corrections or market shifts.

For those considering investing in Hyperliquid, keeping an eye on key price levels—like the $29.90 resistance and $24.30 support—will be essential for making informed decisions.

What’s Next for Hyperliquid?

Looking ahead, there are a few key factors that could influence the price of Hyperliquid. The cryptocurrency market overall has been experiencing heightened volatility, with numerous altcoins showing sharp price swings. In this environment, it’s not unusual for coins like Hyperliquid to experience rapid price fluctuations.

If the buying pressure continues to outweigh selling, Hyperliquid could see its price continue to climb toward the $35 mark. Investors should remain vigilant and stay informed about market developments, as shifts in sentiment or a broader market correction could impact the price.

For now, Hyperliquid’s price action remains promising, but as always in the world of cryptocurrency, caution is advised. Keeping a close watch on the key technical indicators and market trends will help determine whether the cryptocurrency can sustain its recent gains and continue on its upward path.

Conclusion: Could Hyperliquid Reach $35?

With a 50% surge in just 16 days, Hyperliquid has undoubtedly caught the attention of the crypto community. While technical indicators suggest that the coin has the potential to reach new highs, including a possible price of $35, market volatility means that investors should stay alert to both the risks and opportunities.

As always with cryptocurrency investments, patience and careful monitoring of price levels will be key. For now, Hyperliquid’s momentum suggests that it could have further room to grow, but only time will tell if it can break through resistance levels and maintain its bullish trend.

Read more about:
Share on

Maheen Hernandez

A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5

Crypto newsletter

Get the latest Crypto & Blockchain News in your inbox.

By clicking Subscribe, you agree to our Privacy Policy.

Get the latest updates from our Telegram channel.

Telegram Icon Join Now ×