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BTCC / BTCC Square / Global Cryptocurrency /
Hyperliquid Price Eyes Breakout Above $20 as Trader Interest Surges

Hyperliquid Price Eyes Breakout Above $20 as Trader Interest Surges

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2025-05-01 11:09:02
0

Hyperliquid (HYPE) holds steady at $19.85, consolidating gains after testing the $20 resistance level. The layer-1 blockchain token’s derivatives open interest jumped 14% to $625 million in 24 hours, signaling mounting speculative demand.

Technical indicators favor bulls: HYPE maintains support above the 100-day EMA ($18.41) while the MACD flashes a buy signal. Trading volume expansion suggests accumulation, though Wednesday’s rejection at $20 requires renewed momentum for a decisive breakout.

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