Token Reaches New All-Time High of $39.39 on May 26
The post Token Reaches New All-Time High of $39.39 on May 26 appeared on BitcoinEthereumNews.com.
TLDR HYPE token reached a new all-time high of $39.39 on May 26, up 11% in 24 hours The token has rallied 300% since April 7 lows, with trading volume hitting $570.5 million Technical analysis suggests potential price targets of $44.65 and up to $56.70 based on wave patterns Hyperliquid DEX recorded over $1.2 billion in open interest and $455 million in total value locked Whale activity and short liquidations of $753,000 in 24 hours support the current bullish momentum Hyperliquid’s native token HYPE reached a new all-time high of $39.39 on May 26. The price surge represents an 11% gain in the past 24 hours. The token has maintained strong upward momentum since reversing its downtrend on April 7. From its lows around $10, HYPE has delivered a 300% return to current levels. Trading volume has increased dramatically during this rally period. Daily volumes reached $570.5 million on Saturday, up from monthly lows of just $78 million earlier in May. The price movement began when HYPE broke out of a descending parallel channel on May 21. The token closed above the $27.50 resistance level, clearing the path for new highs. Following this breakout, the rally turned parabolic. HYPE gained over 50% in under a week to reach today’s peak. Hyperliquid hit multiple all-time highs today, including: + Open interest: $8.9B + 24h fees: $5.4M+ USDC TVL: $3.2B Onchain, transparent markets are the future. pic.twitter.com/DBUWZZEkgk — Hyperliquid (@HyperliquidX) May 22, 2025 Technical Analysis Points to Extended Wave Pattern Technical indicators remain supportive of the current uptrend. The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) continue trending upward. Both indicators are in overbought territory but have not formed bearish divergences. This typically serves as a warning sign of potential reversals. Wave count analysis suggests HYPE completed an A-B-C…
Filed under: News - @ May 26, 2025 2:27 pm