Altcoins News
By Maheen Hernandez
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Hyperliquid (HYPE), a fast-rising DeFi-native blockchain, reached a new all-time high above $44.76 on June 16, 2025, as bullish momentum pushed the token into price discovery.
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The native token of the Hyperliquid blockchain has rallied more than 11% over the last 24 hours and posted a 25% gain in the past week.
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According to data from CoinMarketCap, HYPE briefly spiked to $44.76 during early Monday trading, setting a new all-time high. It currently trades slightly lower around $44.
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Notably, on-chain analytics firm OnChain Lens reported that a whale holding a leveraged long position on HYPE saw floating profits exceed $13.7 million at the time of the rally.
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The DeFi protocol has benefited from strong infrastructure development and investor incentives.
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A major factor driving the price surge is the growing TVL across the Hyperliquid platform. DeFiLlama data reveals a 7% increase in TVL over the past 24 hours, climbing from $1.
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The rising TVL supports the bullish narrative for HYPE and reflects increasing demand for DeFi services on the platform.
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From a technical standpoint, HYPE appears poised for continued gains. Key indicators on the daily chart support the case for a move above $50 in the short term.
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The 14-day Relative Strength Index (RSI) currently stands at 69, signaling strong momentum without entering overbought territory.
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Additionally, the Moving Average Convergence Divergence (MACD) remains positive, with the MACD line trending above the signal line — a classic bullish formation.
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Coinglass data further underscores market strength, with derivatives trading volume for HYPE rising by 29% to over $1.8 billion.
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While short-term targets focus on the psychological $50 resistance, growing investor enthusiasm is fueling predictions of a push toward $100.
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However, traders should remain cautious of potential profit-taking scenarios. A pullback could see support tested at the $40 level, and stronger corrections could push HYPE back…
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Beyond technicals and market sentiment, Hyperliquid’s continued growth will depend on the expansion of its decentralized ecosystem.
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As new integrations roll out and tokenomics evolve, analysts believe Hyperliquid could become one of the dominant players in the decentralized financial space — potentially…
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