Altcoins News
By Evie Vavasseur
1 / 12
Hyperliquid (HYPE), the altcoin that captured market attention with its explosive rise, has recently cooled off after hitting a new all-time high.
2 / 12
Since mid-April, HYPE has become one of the standout altcoins of the season. From a low of $9.28, it rocketed to an impressive $37.60, delivering over 80% gains in just one month.
3 / 12
As is common after such sharp moves, short sellers piled in expecting the price to correct. However, the market’s reaction surprised many.
4 / 12
Despite this, caution is warranted. On-chain data reveals classic overheating signs—like an overbought Relative Strength Index (RSI)—and increased volatility across the broader…
5 / 12
This dynamic creates a tense tug-of-war between bulls and bears. If buyers can maintain their grip and continue accumulating HYPE on the spot market, they may force shorts to…
6 / 12
Even after the recent price dip to about $33.30, HYPE demonstrated resilience, bouncing back with a 5% intraday gain shortly after.
7 / 12
This combination suggests that while some traders are taking profits or stepping back, there’s ongoing demand at the spot level, quietly building a base for a possible next rally.
8 / 12
The critical price point to watch is near $35.50. According to CoinGlass data, nearly $20 million in leveraged positions could be at risk if HYPE breaks above this level.
9 / 12
If on-chain accumulation keeps pace and macroeconomic conditions stabilize, HYPE could be setting the stage for another run at a new all-time high.
10 / 12
HYPE’s recent price action is a reminder of the complex interplay between momentum, leverage, and market sentiment.
11 / 12
For now, the bulls seem ready to defend their territory, but a lot depends on whether demand can absorb ongoing sell pressure.
12 / 12
HYPE’s 9% pullback from its record high is not necessarily a sign of a sustained downturn. Instead, it reflects natural market dynamics after a rapid rally.
The Currency Analytics
Want the full story?