Hyperliquid Primed for Explosive Breakout: Network Upgrades & Surging Bridge Deposits Signal Bull Run

Hyperliquid's protocol upgrades and swelling cross-chain deposits suggest a perfect storm for price action—just as degens start paying attention again.

Network momentum builds as bridge inflows hit record highs

The L1's recent tech stack overhaul—including optimized sequencer nodes and batch processing—has traders betting on scalability. Meanwhile, bridge deposits spiked 40% in Q2, hinting at fresh capital rotation into the ecosystem.

Will it deliver? Or just another 'vampire attack' waiting to bleed TVL?

Recent sessions have seen a slight increase in volume, suggesting renewed trader interest. As momentum keeps rising, the price has found stable support around the 20-day simple moving average. A bullish breakout seems more likely as HYPE forms higher lows and Bollinger Bands start to widen.

Should HYPE break above the $41–$42 resistance zone, the next key target would be a retest of the all-time high NEAR $45. The price may drop towards the $35.50 area if it is unable to maintain above $38.