Hyperliquid (hype) saw a rally of 326% from the beginning of April to a peak of $ 39.93 on 26 May. While the macro-trend bullish remains, indicators suggest in the short term. Price promotion is now centered around the $ 30 – $ 35 – an important support battound for Bulls.
Important highlights
- Hype won 326% since April and reached an ATH of $ 39.93 before cooling up to $ 34.74.
- Open interest broke over $ 10.1 billion and signaling intense leverage.
- TVL rose from $ 268.9 million at the beginning of April to more than 29 May to more than $ 500 million.
- Momentum remains bullish, but RSI and MacD suggest exhaustion near $ 35.50 resistance.
Why Hype touches – and why it cools now
TradingView News stated that the increase in hyperliquid to $ 39.93 was driven by institutional activities and increasing involvement.
As a Top -Defi platform for perpetual trade, the weekly volume of the platform reached $ 78.67 billion (11-18 May), with a record of $ 17.73 billion on May 21.
High -profile trader James Wynn’s billion dollars positions drew attention and pushed open interest rates beyond $ 10.1 billion, confirmed by blocks. The platform also generated $ 5.6 million in daily costs, which showed a heavy trade demand.
This increase in activity at the chain reflects a broader shift, because traders are increasingly preferable to decentralized locations that offer deep liquidity, transparent implementation and non-striking control over assets.
However, RSI and MacD now signal a cooldown, which suggests that consolidation unless bulls regain resistance.
Hyperliquid surpasses Sui in market capitalization.
Between 25–26 MayHype’s Market Cap peaked $ 13.04bSUI COIN $ 12.27b. The rally was supported by over $ 460 million daily volumePush hype in the top 12 crypto assets per market capitalization.
From May 29, hype will act $ 34.74 With a market capitalization of $ 11.46bStill for sui’s $ 12.03b, but clearly cool down with Momentum.
Hype/USD iChimoku Cloud Analysis: Bulls holds the line – for now
In the last 24 hours, Hyperliquid led all block chains in generating reimbursements, with $ 3.1 million in protocol costs, according to Artemis.
These statistics emphasize strong use and a sustainable growth model.
Hype price levels to watch
Support levels: $ 33.00 (Tenkan-Sen), $ 30.41 (20 EMA), $ 27.38 (100 EMA). Resistance levels: $ 35.50 (small ceiling), $ 39.93 (ATH), $ 42.00 (goal).
Hype -Price forecast: Can bulls recover $ 39.93?
Hyperliquid remains in a strong upward trend despite recent cooling, supported by high open interest and robust trading activities. The recent pullback seems healthy within the wider parabolic structure.
Short-term forecast (29 May-5 June):
- Possible withdrawal in the short term to $ 30.41 – $ 31.30.
- Holding above $ 30 would keep the current bullish bow.
- A breakout above $ 35.50 could send a hype to $ 39.93.
Outlook in the medium term (June 5, 14 June):
- If $ 39.93 breaks with volume, the next resistance is $ 42.00.
- Continuous power above $ 42 can focus on $ 46 – $ 48.
- The bullish structure remains valid if $ 30 applies. Failure below can lead to a deeper correction to $ 27.38.
Traders must follow the volume confirmation, RSI trends and MacD signals to validate the directional momentum.