The price of Hyperliquid is pushing into the main resistance zone as increasing trading volume and strengthening technical signals point to increased momentum in the market.
Conclusion
- Hyperliquid rallied around $32 in a possible recovery attempt to $40.
- Open volume and interest have risen, indicating new positions as traders anticipate further price movement.
- Technical indicators show the strengthening rate, which is the resistance between 33 and 36 dollars.
Hyperliquid (HYPE) rose higher on fresh buying and the token was trading around $32.63 at press time, up 6.6% in the last 24 hours. The price remains in a weekly range of $29.61 to $33.33 and is near the top of this group.
Over the past year, Hyperliquid has been one of the strongest among the top 100 cryptocurrencies, gaining around 136%. However, it still trades about 45% below its September 2025 peak of $59.30.
Trade activity also increased. The 24-hour spot volume was about $289 million, up 98% from the previous day, indicating fresh interest from traders.
Derivatives markets show a similar pattern. Data from CoinGlass shows that trading volume increased by 84% to $1.36 billion, while open interest increased by 9.56% to $1.33 billion. This open mix often indicates that new positions are being added rather than closed.
Hyperliquid basics are getting stronger
Beyond price action, the platform itself continues to expand. Hyperliquid now accounts for around 70% of the ongoing decentralized futures trading volume, while daily activity on the exchange is estimated to be 9.9% of the level seen on Binance.
The network has also built a large user base. More than 665,000 traders are active on the platform and the monthly revenue is around $116 million. According to the project, about 38% of the token supply is allocated for future initiatives of the ecosystem.
New features will be introduced gradually. These include trading HIP-4 results and efforts to link real assets to the platform.
Supply mechanics can also play a role in character dynamics. Hyperliquid runs a fund that periodically redeems and burns HYPE tokens. About 4.17% of the supply, worth about $1.36 billion, has already been removed through these operations, reducing the number of tokens in circulation.
Technical analysis of hyperliquid price
From a technical point of view, several signals have turned positive. The price is currently above the Bollinger Band, which corresponds to the 20-day moving average. This zone, around $29 to $30, has acted as support in recent weeks as buyers enter it on a pullback.
Volatility seems to be returning as well. Bollinger Bands expand after a period of compression, a setup where traders often see stronger moves. Currently, the price is pushing to the upper band in the range of $33 to $36.
The momentum indicators point in the same direction. The relative strength index is moving in the upper-50 region. Before the market enters overbought territory, this level usually indicates bullish momentum and offers room for growth.
The chart also shows the lowest pattern since the recovery in late January, with buyers constantly protecting the $29 to $30 range. This type of structure often describes slow accumulation.
At the moment, the main barrier is between $33 and $36, where the token has struggled to go higher in recent attempts. A clear break above this area could focus attention on the $40 level, which many traders see as the next psychological target.
If momentum breaks, the first support is near $29.9, while the deeper support zone is around $26 to $27.
