Ah, Hyperliquid! The platform that seems to have a penchant for breaking records like a toddler with a piñata. Just when you thought it couldn’t get any better, HYPE price takes a little breather after its recent ATH rally. It’s like watching a sprinter pause for a sip of water after running a marathon—refreshing, yet slightly concerning.
In a stunning display of numerical gymnastics, Hyperliquid (HYPE) has once again outdone itself. Open interest has soared to a staggering $10.1 billion, 24-hour trading fees have hit a jaw-dropping $5.6 million, and the TVL in USD Coin (USDC) has climbed to a whopping $3.5 billion. If only my bank account could experience such growth!
Hyperliquid reached new all-time highs again:
+ Open interest: $10.1B
+ 24h fees: $5.6M
+ USDC TVL: $3.5BWelcome to all new members of the ecosystem.
— Hyperliquid (@HyperliquidX) May 26, 2025
These new highs come less than a week after Hyperliquid had already set previous records. At that time, open interest was a mere $8.9 billion, daily trading fees were $5.4 million, and USDC TVL was a paltry $3.2 billion. That’s a 13.5% increase in OI, a 3.7% rise in fees, and a 9.4% growth in USDC TVL in just five days. Talk about a growth spurt! It’s like watching a teenager suddenly shoot up six inches overnight.
And let’s not forget the HYPE price, which also hit a new ATH of $39.93 yesterday. That’s a staggering 329% surge from its local low of $9.30 on April 9. If that’s not a comeback story, I don’t know what is!
The price action leading up to this ATH rally followed a classic double bottom formation that began in early March. The pattern’s neckline, located around $17, was broken on April 19. Since then, HYPE has been on a rollercoaster of higher highs and higher lows, culminating in yesterday’s ATH. 🎢
Currently, HYPE price is taking a breather, down 2% over the past 24 hours and trading around $37.50. It’s like that friend who insists they’re fine but is clearly just trying to catch their breath after a wild night out. While it’s too early to call the next move, it appears to be entering a consolidation phase because the RSI is deep in the overbought zone at 77.
However, the underlying trend remains as strong as my morning coffee. The EMA 20 is still above the SMA 50, with the bullish crossover holding since mid-April. Trading volume stands at $358 million, still significant, though down 25% over the past day, indicating a slight cooling of momentum. It’s like the calm before the storm, or perhaps just a brief intermission in a very long play.
Looking ahead, HYPE’s price may be targeting $47 next, based on a bullish chart pattern. But let’s not get ahead of ourselves; consolidation remains the most likely near-term scenario. After all, even the best rollercoasters need a moment to pause before the next big drop!
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2025-05-27 10:48