- HYPE rebounds 14% after strong support at $40 triggers renewed buying interest.
- Binance and Coinbase listings boost liquidity and global accessibility for HYPE traders.
- Analysts target $48–$57 as next resistance levels amid growing market confidence.
Hyperliquid — HYPE , traders finally caught a break after days of volatility. The token jumped 14% in the last 24 hours, bouncing strongly from a key $40 support level. At press time, HYPE trades near $41.7, showing a confident recovery. Trading activity surged to nearly $1 billion, representing 6.6% of the asset’s circulating market cap. This strong rebound places HYPE among the top-performing cryptocurrencies in the past day.
Growing Market Strength and Renewed Interest
HYPE’s latest recovery followed a sharp correction earlier this week. A $44 million whale liquidation pushed prices down to $36, shaking trader confidence. The quick rebound, however, reflects renewed interest from both retail and institutional investors. Binance and Coinbase recently added HYPE to their platforms, expanding access through trading pairs like HYPE/USDT and HYPE/BTC. These listings improved global liquidity and strengthened market visibility for the token.
Hyperliquid has steadily evolved from a niche derivatives project into a major decentralized exchange. The protocol runs on a dedicated layer-one blockchain, ensuring transparency and full decentralization. Unlike many competitors that depend on external networks, Hyperliquid operates independently, allowing for greater scalability and control.The perpetual market remains a key battleground for the protocol.
Hyperliquid currently holds around 25% of decentralized perpetuals market share. Binance CEO Changpeng Zhao closest competitor, Aster, maintains a 19% share after receiving a $2 million investment from former Binance CEO Changpeng Zhao. Although Aster occasionally surpasses Hyperliquid in daily volume, Hyperliquid leads in open interest, indicating stronger sustained engagement from traders. Meanwhile, data from DeFi Llama raised questions about Aster’s transparency.
Technical Indicators Point to Further Gains
On the technical side, Hyperliquid’s price structure appears constructive. The $39 zone has emerged as a major support area, aligning with the 200-day exponential moving average and a prior trendline breakout. This confluence zone reinforces the token’s strength after reclaiming lost ground. Technical analysts forecast $48 as the next short-term target, a 14% potential rise from current prices.
A sustained push could even send HYPE toward $57, suggesting 36% upside if momentum holds.Market indicators also show improving sentiment. Funding rates have turned positive, while whale accumulation has increased. Daily active addresses doubled in the last week, and total value locked grew by 150% since late October. Such on-chain metrics highlight growing user confidence and stronger participation across the ecosystem.
Traders are closely watching the $43 resistance level. A confirmed breakout above that mark may signal the start of another bullish leg. Exchange inflows have climbed alongside the recovery, suggesting profit-taking remains limited for now. HYPE’s rebound underscores the market’s growing faith in the project’s fundamentals and structure.
