The post Why Is Hyperliquid’s HYPE Token Price Stalling? appeared on BitcoinEthereumNews.com.

HYPE stalls near $40 as tight range and flat indicators signal market indecision Hyperliquid’s fee surge to $1.7M outpaces Ethereum and Solana, fueling interest Volume jumps 30% as traders eye breakout above key $40.10 resistance level The decentralized perpetuals exchange Hyperliquid is generating more in daily fees than major blockchains like Ethereum and Solana, yet its native token, HYPE, remains locked in a tight consolidation range, creating a puzzle for traders. The platform generated a staggering $1.7 million in fees in the last 24 hours, a sign of intense trading activity and user adoption. Despite this fundamental success, the HYPE token is struggling to find direction, with its price hovering around $39.53 amid signs of market indecision. A Fee-Generating Powerhouse Hyperliquid’s surge in fee generation underscores a growing market shift toward performance-based DeFi platforms. This strong revenue performance is backed by a nearly 30% spike in 24-hour trading volume, which recently hit $188.8 million. The token’s healthy volume-to-market cap ratio of 19.22% indicates there is deep liquidity for traders. This on-chain success, however, has not translated into a clear price breakout for the HYPE token. HYPE’s Price Remains Locked in a Tight Range Currently, HYPE is trading in a sideways trend, with minor upward bias. The price action reveals modest volatility within a confined range. After briefly touching above $40, the token encountered selling pressure, pulling back to the current zone near $39.50.  This behavior reflects a phase of short-term profit-taking, with the $40.00–$40.10 range acting as a psychological barrier. On the downside, immediate support lies between $39.09 and $39.15, an area where buyers have stepped in repeatedly. A secondary support zone sits between $39.25 and $39.30, which was a base for recent upward movement. These zones will be critical if the price attempts another move downward. Conversely, multiple rejections…

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Filed under: News - @ July 7, 2025 9:27 pm