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HYPE Price Analysis: Can HYPE Crypto Sustain Sensational Hyperliquid Price Rally?
As Hyperliquid continues to maintain its ascendent trading channel, HYPE crypto is currently trading at a market price of $26.65 (representing a 24-hour change of -2.4%). This comes amid an impressive +99% climb over the past week, which has seen Hyperliquid skyrocket up to hit a new all-time high at $29.62.  The upside move has been sustained for days by the close support of an equally aggressively ascending 20DMA, which has provided a local foothold continually throughout the increase in value. However, following the new all-time high, which comes just below the $30 psychological price level, HYPE crypto is in a local price retreat, with the chart suggesting an imminent retest of $25.625 is on the cards. This is best explained by the RSI, which has remained severely overheated for much of the past 48 hours and now seeks to cool off as holders consolidate the newfound gains and build market confidence for a break above $30. Yet, while consolidation or even retracement seems to dominate the short-time frame outlook for HYPE, especially as the lower trendline at $23.38 hasn’t been re-tested in 4-days – and this is driving smart money to now rotate into a soon -to-launch viral meme coin
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