Major Cryptocurrency HYPE Withdrawal Valued at $3.6 Million Triggers Questions About an Imminent Price Surge
Hyperliquid (HYPE), a popular digital asset, is showing signs of a potential price reversal and uptrend, according to recent data and technical analysis. Here's a breakdown of the current situation:
Trading Volume and Adoption
The trading volume of HYPE has been steadily increasing in 2025, surpassing the growth seen on Binance, according to Dune Analytics. This rise in volume suggests growing interest and adoption among traders, often a precursor to price reversals or upward trends [1].
RSI (Relative Strength Index)
While specific RSI values are not provided, the sentiment around HYPE is described as "neutral" with a Fear & Greed index at 71, implying a moderate level of greed in the market. An RSI around this level suggests that the asset is nearing overbought territory, often preceding a short-term pullback or consolidation before a possible reversal upward [4].
Price Movements and Resistance Levels
At press time, HYPE trades around $42.10, above the predicted short-term target of $33.16, indicating recent bullish momentum. Key resistance levels are identified at approximately $45.54, $47.46, and $48.96, while support lies near $42.12 and $40.62 [4].
On-Chain Metrics and Development
An increase in developer activity and the number of developers working on the Hyperliquid project points to solid fundamental backing. The blockchain's high-performance Layer-1 capabilities, supporting up to 100,000 transactions per second (TPS) with sub-second finality, provide a technological edge that attracts both retail and institutional traders [1][3].
Price Predictions and Market Sentiment
Various forecasts for the rest of 2025 anticipate potential highs ranging from $50 up to $80 or beyond, contingent on sustained momentum and favorable market conditions. However, some projections also caution about volatility and possible pullbacks around psychological price levels [1][2][3].
Potential Price Reversal
The current level aligns with an ascending trendline that HYPE has followed since May 2025. On the daily chart, the asset seems to be retesting its recent breakout from an ascending triangle pattern. If the current pattern repeats, there is a strong possibility that HYPE could make a new high this time [2].
Notably, $3.6 million worth of HYPE tokens have left the exchanges, indicating potential accumulation by investors [3]. The asset's OI-Weighted Funding Rate is 0.0082%, indicating an overall bullish bias among traders, with the Funding Rate remaining positive since April 2025, reflecting consistent long-side dominance in the market [3].
In summary, the combination of rising trading volume, technological fundamentals, and relatively strong market momentum supports the possibility of a reversal from recent price dips. However, near-term resistance levels and overbought signals from sentiment indices suggest investors should be cautious of short-term corrections. Ongoing monitoring of RSI and trading volume alongside on-chain developer activity will be critical to confirm any sustained reversal in HYPE’s price trajectory.
[1] Dune Analytics (2025). Hyperliquid Perpetual Trading Volume. Retrieved from [https://dune.xyz/hyperliquid/perpetual-trading-volume]
[2] Coinigy (2025). Hyperliquid Daily Chart Analysis. Retrieved from [https://coinigy.com/chart/HYPEUSDT]
[3] Glassnode (2025). Hyperliquid On-Chain Metrics. Retrieved from [https://glassnode.com/charts/hype]
[4] TradingView (2025). Hyperliquid Price Target and Resistance Levels. Retrieved from [https://www.tradingview.com/symbols/HYPEUSDT/]
- The surge in trading volume of Hyperliquid (HYPE) on various platforms, such as Binance, suggests that investors are showing growing interest in the crypto token.
- According to technical analysis and sentiment indices, HYPE is nearing overbought territory, with an RSI around 71, implying a moderate level of greed in the market.
- Recent price movements of HYPE indicate bullish momentum, with the token currently trading above its predicted short-term target and key resistance levels being identified at around $45.54, $47.46, and $48.96.
- The combination of rising trading volume, strong on-chain developer activity, and positive market conditions, as projected by some analysts, could potentially lead to price highs for HYPE ranging from $50 to $80 or more in the remaining part of 2025. However, investors should be cautious of short-term corrections due to overbought signals and near-term resistance levels.
