HYPE Price Prediction as Hyperliquid Volume Nears $220 Billion

Key Insights

• HYPE price has continued its strong bull run and is nearing its all-time high.
• American investors are accumulating HYPE ETFs.
• The 30-day Hyperliquid’s volume is nearing the $220 billion milestone.

HYPE price continued its strong bull run and crossed a crucial resistance level as the crypto market rally gained steam. Hyperliquid’s token is also benefiting from the ongoing surge in volume in its perpetual futures platform. It has jumped to $85, up sharply from the July low of $51.

HYPE Price Prediction: Technical Analysis

The daily chart shows that the HYPE token has been in a strong bull run in the past few weeks. It has jumped from a low of $51.25 to the current $85.29. Along the way, the token has moved above the crucial resistance level of $76.80, its highest level in June 6. Moving above that level confirmed the bullish outlook.

The token has remained above the 50-day and 100-day moving averages, a sign that bulls remain in control. Also, the Relative Strength Index (RSI) has moved into the overbought zone at 78. The Average Directional Index (ADX) has jumped to 44. In most cases, an ADX figure of 20 and above is usually a sign that an uptrend or downtrend is gaining momentum.