The post HYPE Price Recovery – Can Hyperliquid Challenge Aster’s $185B Lead? appeared first on Coinpedia Fintech News
Hyperliquid has managed to turn heads this week despite facing pressure from Aster’s dominance in perpetual DEX volume. In comparison, Aster clocked an eye-popping $185 billion in trading activity, more than 2.5 times higher than Hyperliquid’s HYPE. However, the token has shown remarkable resilience, as HYPE price rebounded with a 6.22% daily gain. Thereby, sharply outperforming the broader crypto market, which slipped to a 1.25% loss over the past 30 days.
The recovery has pushed Hyperliquid’s market cap to $15.98 billion, supported by a notable uptick in trading activity. Its 24-hour volume surged nearly 30%, reaching $361.32 million. This bounce comes at a time when investor sentiment was beginning to wobble. With many questioning whether HYPE could keep pace in the face of Aster’s overwhelming lead.
HYPE Price Analysis
Hyperliquid’s price climbed to $47.48, showing a strong intraday move between $43.03 and $47.72. The recent rally began after HYPE recovered above its short-term pivot at $45.80 and cleared the 7-Day EMA at $46.50. However, resistance has emerged near $49.64, the 30-day SMA, and at the psychological $50 mark.
Technical signals reflect mixed momentum. Support is seen at $44.19, suggesting buyers could step in if selling resumes. The RSI is neutral at 46.68, while MACD remains negative at -1.2, calling for caution as momentum is not yet firmly bullish. Short-term traders likely triggered this rebound following a steep 20% decline from the September peak of $59.39.
If HYPE price closes above $50 with strong trading volume, a run towards $54.83 looks achievable, offering a fresh bullish target. Otherwise, failure to defend current levels may invite a retest of $44 support.
FAQs
HYPE’s price gained 6.22% after its NFT launch, technical breakout above $45.80, and renewed interest from alt-season trends pushed fresh capital into the ecosystem.
Support sits at $44.19, while resistance is at $49.64 and $50. A close above $50 may open a move towards $54.83.
Momentum remains mixed, as RSI is neutral, and MACD is negative.
