Altcoins News
By MikeT
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Trading Volume Holds Steady, But Buyer Conviction Is Weak. Hyperliquid’s decentralized exchange (DEX) has shown consistent trading volume, a positive sign…
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Technical Structure Still Intact, But Pressure Mounts. From a technical perspective, HYPE continues to maintain a bullish market structure.
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Liquidation Patterns Reflect Bullish Sentiment, But It’s Fragile. Coinglass data shows that the recent price movement from $36 to $39 triggered a notable number of…
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Market Sentiment Hinges on Bitcoin’s Movement. As with many altcoins, Hyperliquid’s performance is partially influenced by broader market…
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Conclusion: Eyes on Volume, Not Just Price. While Hyperliquid’s fundamentals—steady DEX usage and user growth—remain solid, the token’s price…
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Hyperliquid’s native token HYPE has posted an impressive 12% gain over the past week, securing a top spot among the best performers in the crypto top 20.
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The price surge brought HYPE to the $39 level—a zone that previously acted as resistance. Although it briefly pushed above this mid-range barrier, the bullish momentum quickly…
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Hyperliquid’s decentralized exchange (DEX) has shown consistent trading volume, a positive sign that the platform is maintaining user engagement.
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Additionally, the number of new users has seen a notable rise over the last two months. While increased user adoption is often a bullish indicator, the lack of corresponding…
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Despite the healthy exchange metrics, HYPE’s actual trading volume has been tapering off. The On-Balance Volume (OBV), a key indicator of volume flow, has remained largely flat…
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From a technical perspective, HYPE continues to maintain a bullish market structure. On June 28, it climbed above $37.25—a key level that previously served as resistance.
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Since late May, HYPE has been trading within a horizontal range between $31 and $44.8. The mid-range level, around $37.9, now acts as a support level.
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The Relative Strength Index (RSI) on the 4-hour chart currently sits around 56, indicating mild bullish momentum. While not overbought, the RSI leaves room for further gains.
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Coinglass data shows that the recent price movement from $36 to $39 triggered a notable number of short liquidations, indicating that bearish traders were caught off guard.
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Open Interest has climbed by 4% in the past 24 hours, and funding rates remain positive—both signs that market participants are leaning bullish in the short term.
The Currency Analytics
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