Hyperliquid’s native token HYPE has reignited its bullish momentum with a sharp 13% rally, climbing from the $38.20 swing low to near the $48 zone. The move comes as much of the broader crypto market remains uncertain, with traders increasingly focusing on assets exhibiting genuine ecosystem growth and technical strength.
The four-hour chart shows HYPE maintaining a robust structure above all major exponential moving averages, signaling sustained trend strength. A decisive break above the $48.54 resistance level could trigger a push toward the psychologically significant $50 level. Rising open interest and spot inflows confirm fresh capital entering the market, though this also elevates liquidation risks as the token approaches its previous highs.
After bottoming near $25 earlier in the year, HYPE has consistently formed higher lows and higher highs, indicating demand rather than a speculative bounce. The RSI has returned to bullish territory without reaching overbought extremes, suggesting the rally has room to continue if overall sentiment holds. The project’s decentralized perpetual trading platform continues to attract volume, supporting the positive outlook.
In contrast, Ethereum (ETH) hovers near a critical support zone around $2,100, with momentum waning and the risk of a premature breakdown below $2,000. Rejections near the 100-day and 200-day moving averages have left the structure fragile, and low rebound volumes hint at trader reluctance to accumulate. XRP, trading near $1.37, faces a narrowing window for a recovery above $2, relying on holding the $1.30 support and a broader market stabilization.
