Summary
- HYPE’s 24-hour trading volume rose about 178%, while its price surged 12% to around $34.
- HYPE appears to have strengthened its upward momentum after breaking above the resistance band in the $30–$32 range.
- Hyperliquid’s futures trading volume came in at about $2.85 billion, and the pace of the price rise accelerated due to forced liquidation of short positions.
Forecast Trend Report by Period
Hyperliquid’s native token, HYPE, is rebounding as trading volume surges on major exchanges.
According to crypto-focused outlet U.Today on the 10th, HYPE’s trading volume rose about 178% over the past 24 hours. Over the same period, the price also jumped 12%, climbing to around $34.
The rally is seen as stemming from a breakout above a recent technical resistance zone alongside increased derivatives trading. HYPE appears to have strengthened its upside momentum after breaking above the $30–$32 resistance band that had previously capped gains.
Derivatives activity also climbed sharply. Hyperliquid’s futures trading volume totaled about $2.85 billion in a single day, pointing to rising speculative demand.
Some analysts also say the upswing accelerated as certain short positions were forcibly liquidated during the move.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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