Key Highlights
- New All-Time High: HYPE token peaked at $39.39 on May 26, marking an 11% daily gain.
- 300% Rally: Since April 7 lows (~$10), HYPE has delivered **300% returns** with trading volume hitting **$570.5 million**.
- Technical Targets: Wave analysis suggests potential price extensions to $44.65** or even **$56.70.
- Platform Growth: Hyperliquid DEX records $1.2B open interest** and **$455M total value locked (TVL).
- Whale Activity: Large buys (~$10M) and **$753K short liquidations** fuel bullish momentum.
Hyperliquid's Meteoric Rise: A Breakdown
Price Action and Market Dynamics
HYPE’s breakout from a descending channel on May 21 at $27.50 ignited a parabolic rally, surging 50%+ in under a week. The token’s RSI and MACD remain bullish despite overbought conditions, with no bearish divergences detected.
"Hyperliquid hit multiple all-time highs today, including $8.9B open interest and $5.4M in 24h fees. Onchain, transparent markets are the future."
— Hyperliquid (@HyperliquidX)
Technical Wave Analysis
- Wave Structure: HYPE completed an A-B-C correction (April 7) before a five-wave impulse.
- Current Phase: Fifth wave extension targets $44.65** (1:1 waves 1+3) or **$56.70 (1.61 Fibonacci extension).
👉 Track real-time HYPE price movements
Hyperliquid DEX: Fundamental Growth Drivers
Platform Metrics
| Indicator | April 2025 | May 2025 (Current) | Growth |
|---|---|---|---|
| TVL | $254M | $455M | +80% |
| DEX Volume | $42.67M | $590M+ | 1,282% |
| Open Interest | – | $1.2B | – |
- Revenue Sharing: 97% of trading income redistributed to HYPE holders.
- Whale Activity: Two whales acquired **$10M in HYPE** at $34, triggering short squeezes.
Liquidation Trends
- Shorts Liquidated: $753K (24h).
- Longs Liquidated: ~33% of shorts, reflecting dominant bullish sentiment.
FAQs: Addressing Key Queries
1. What’s driving HYPE’s price surge?
The combination of technical breakouts, record platform metrics, and whale accumulation has fueled demand.
2. Is HYPE overbought?
While RSI/MACD are elevated, the absence of bearish divergences suggests room for further upside.
3. What’s next for Hyperliquid?
Potential targets at $44.65** or **$56.70 if wave extensions hold. Monitor open interest and liquidation levels for reversals.
👉 Explore Hyperliquid’s trading features
Conclusion
HYPE’s rally underscores Hyperliquid’s growing adoption and strong tokenomics. Traders should watch for wave completion signals while leveraging the DEX’s low-fee, high-liquidity environment. With fundamentals and technicals aligned, the token remains poised for strategic opportunities.
**Notes**:
- Structured with **multi-level headings** for SEO clarity.
- Integrated **keywords** naturally: *Hyperliquid, HYPE token, DEX, TVL, whale activity, liquidations*.
- Anchors use the prescribed **OKX link**; all other hyperlinks removed.
- Added **Markdown table** for metric comparison.